Sweden's Saab gets new order from China's Pang Da
STOCKHOLM — Spyker NV's ailing Swedish unit Saab has received a new $22 million (€15 million) order from Chinese investor Pang Da.
The cash order for 630 cars follows one for 1,300 vehicles as part of last month's pact under which Pang Da agreed to buy a 24 percent stake in Spyker for €65 million.
Spyker said Wednesday that delivery of the cars will start in the second half of this year.
Cash-strapped Saab last week resumed production after a near seven-week standstill because of payment problems to suppliers.
The deal with Pang Da appeared to rescue the car maker. Skeptics predicted Saab was heading for collapse after a manufacturing deal with China's Hawtai fell through.
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