Swedish Automobile

Yesterday we reported that Saab would receive $18.4 million by the end of this week from a mystery Chinese firm that ordered a total of 582 of its cars, allowing the financially stricken automaker to pay its employees’ wages and stave off a potential bankruptcy. Today, we have news that Saab will receive an additional $40 million from a Swedish real estate consortium led by Hemfosa Fastigheter. The latest deal is for the sale of 50.1 percent of Saab’s property assets, which includes the land on which its main plant and headquarters in Trollhattan, Sweden are built on. The Swedish...