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car industry

Saab in talks with potential Chinese investors

Published onsdag 27 april 2011 kl 11.07
Workers returned to Saab's factory in Trollhättan Wednesday, but not to work, only to be informed about the ongoing talks

Saab Automobile has told Swedish Radio News that they are in talks with several potential investors in China. This is in parallel with discussions with the European Investment Bank, regarding a possible sale of Saab real estate to the Russian businessman Vladimir Antonov.

The Saab real estate is currently part of the security for a loan that Saab has with the European bank.

Meanwhile Antonov has been in Stockholm to meet the head of the National Debt Office, Bo Lundgren, on possible investment in the troubled auto maker. According to the news agency TT, Antonov is expected to visit the Saab plant in Trollhättan next week.

On Wednesday, the workers had been asked to come in for the first time in three weeks, but no cars were built, instead the employees were given information about the various ongoing talks.

The production line in Trollhättan has been at a standstill for three weeks because the company has been unable to pay suppliers. The workers have been told that they will be off again on Thursday, and probably Friday as well, local Swedish Radio reports.

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