Saab to Restart Production Following 30mn Euros Investment by Pangda in Parent Company

Swedish auto manufacturer, Saab, will soon restart their production after their parent company, Spykar, received an investment of 30mn Euros from Chinese company, Pangda. The Chinese company is currently looking to open around 50 dealerships in India by 2012.

In collaboration with the ideal market base of Saab, their new dealerships will be opened in tier I and tier II cities. Regarding domestic production, Pangda said that they are confident that the Swedish company, Saab, will be able to utilize the advanced technology, which are they adept at to their fullest potential.

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