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Memorandum of Understanding

  • 2011 Saab 9-4X

    Spyker CEO Victor Muller has been busy in China negotiating a deal with Zhejian Youngman Lotus Automobile to start building Saab cars in the world’s most populous nation. You may recall that Saab already has a deal with Chinese dealer group Pang Da Automobile but now all three parties have signed a new non-binding memorandum of understanding (MoU) that will see some $350 million injected into Saab's coffers. The latest deal will see Youngman invest $195 million in Saab in return for a 29 percent in Saab’s parent company, Spyker, while Pang Da will increase its original investment...

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