Latest chapter in Saab story now set in Qingdao

Another twist in tale of failed global auto brand

Defunct Swedish carmaker Saab is again in the spotlight following a local newspaper story that its new owner signed an agreement with an investment company in Qingdao to build a plant making both conventional and electric Saab-brand cars in the eastern Chinese city.

The report from Qingdao said the plan calls for a 10 billion yuan production facility with a designed production capacity of 400,000 vehicles a year.