Saab Automobiles owner Swedish Automobile (Swan) said on Monday it was talking with Zhejiang Youngman Lotus Automobile (Youngman) and “a bank in China” about an equity interest in Swan.
“The discussions include a short term solution to enable Saab Automobile to pay the November wages and continue reorganisation,” Swan said in a statement.
Go deeper with GlobalData
“The outcome of the discussions is still uncertain. Any possible transaction would be subject to the approval of the relevant stakeholders.”
