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Saab in $221m deal with Hawtai Motor

By Aaron Gray-Block | China Daily | Updated: 2011-05-04 07:56

Saab in $221m deal with Hawtai Motor

Victor Muller, chief executive officer of Spyker Cars NV and chairman of Saab Automobile AB, at the New York International Auto Show last month. Andrew Harrer / Bloomberg

AMSTERDAM - Spyker Cars NV said on Tuesday that China's Hawtai Motor Group would invest 150 million euros ($221 million) in the Dutch firm's ailing Swedish brand Saab Automobile AB in return for shares, enabling Saab to pay bills and resume production.

Saab in $221m deal with Hawtai Motor

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