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Thursday, October 13, 2011

Saab Receives First Part of Youngman Loan, Expects the Rest by October 22


Another day, another episode in the Saab rescue saga. Fortunately for the company's workers, the news is good this time.

Swedish Automobile N.V., the owner of Saab, announced on Thursday that it has received the first payment of a €70 million bridging loan from its Chinese partner Youngman, adding that the reorganization is proceeding as planned.

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