Conflicting reports are emerging about the state of play in Saab's slow-motion struggle for survival. Yesterday Pangda (one of the key Chinese proposed investors) claimed the rescue deal was 'void', yet today Reuters reports Swedish Automobile chief exec Victor Mullen saying a deal is 'still on track' - and Pangda appears to have changed its mind!
It's all a bit confusing from this end, but you can read the latest from Reuters here. If we were betting types though, we'd still put money on the once proud Saab brand going tits up - and the Chinese re-emerging to pick over the carcass once it has.
Apparently Reuters asked the Pangda chairman Pang Qinghua if he'd be interested in buying Saab assets if the Swedish courts withdrew bankruptcy protection, but he declined to answer.
Much as we love the brand here at PH towers, it's all getting a bit tawdry. Isn't it time somebody stepped in to deliver the coup de grace..?
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