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Home»Business»Saab resumes production

Saab resumes production

March 12, 2020

Six weeks have passed already after the SAAB company was forced to stop the production of models 9-3 and 9-5 in Sweden due to the lack of funds. The manufacturer hopes that the signing of the contract with Hawtai Motors helps to resume work on production lines in Trolhettan.

It is possible that all the financial problems of the Swedish company ended after Saab signed a memorandum of understanding with the Chinese company Pang yes. In accordance with the information received, production in Sweden should soon resume.

Pang DA has already paid the initial amount of 30 million euros, which will be aimed at resuming production. The Swedish company in a written statement confirmed that production in Trolhattan is resuming.

As for other news related to SAAB, it is worth noting that the Minister of Economics of Sweden Mod Olofsson met with Russian investor Vladimir Antonov, who expects a loan of 29, 1 million euros from the European Investment Bank. Minister Olofsson told Antonov about his recent attempt to assist in the difficult financial situation of the Swedish company.

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