Saab serves as a top supplier to Boeing on a US$9.2 billion contract awarded by the U.S. Air Force last year to build at least 351 T-X training jets.
Up to 150,000 9-3-style sedans are expected to be delivered by late 2020.
A supplier is petitioning a Swedish court to declare the company bankrupt after it failed to pay $22,000 bill.
The company that couldn’t save Saab from bankruptcy has sold a 29% stake to manufacture SUV with China’s Youngman.
Buyers hope to meld Swedish design with Japanese electric vehicle technologies to return troubled automaker to profitability.
Troubled Swedish automaker could be rescued from insolvency by Hong Kong-based consortium.
A $135 million deal to sell the troubled automaker to a Chinese firm was blocked by GM amid technology license concerns
Stakes in the Swedish automaker are being bought by two Chinese companies
Troubled auto maker receives $13 million order from unnamed Chinese company