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Wednesday, June 13, 2012

ALERT: Chinese-Japanese group agrees to buy bankrupt Saab, build electric vehicles

BREAKING NEWS ALERT June 13, 2012
 
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Chinese-Japanese group agrees to buy bankrupt Saab, build electric vehicles
 From Reuters, Bloomberg reports
A Chinese-Sweden investment group with Japanese backing has agreed to buy bankrupt automaker Saab Automobile and plans to make electric vehicles, the administrator of the bankruptcy process said today. In a statement, the administrator gave no details on how much the buyer, National Electric Vehicle Sweden AB, was paying for Saab or how much it would invest.
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