Energy company eyes Saab

A group led by a Chinese energy company and a Japanese venture-capital firm has made a bid for the bankrupt Swedish carmaker Saab Automobile, a spokesman for the investment team said.

The two main parties in the group are Sun Investment, a Japanese firm that specializes in undertaking high-tech environmental projects, and National Modern Energy Holdings Ltd, which has roots in Hong Kong and builds and owns power plants that use renewable sources of energy, Mattias Bergman, a spokesman for the group in Sweden, said on Friday.

China Daily - Agencies