Trollhättan, Sweden: Swedish Automobile N.V. (Swan) announces that it entered into a memorandum of understanding with Pang Da and Youngman for the sale and purchase of 100% of the shares of Saab Automobile AB (Saab Automobile) and Saab Great Britain Ltd. (Saab GB) for a consideration of EUR 100 million.
Final agreement between the parties is subject to a definitive share purchase agreement between Swan, Pang Da and Youngman, which will contain certain conditions including the approval of the relevant authorities, Swan’s shareholders and certain other parties. The consideration of EUR 100 million will be paid in installments. An important consideration for Swan to enter into the transaction is the commitment of Pang Da and Youngman to provide long term funding to Saab Automobile.
The administrator in Saab Automobile’s voluntary reorganization, Mr. Guy Lofalk, has withdrawn his application to exit reorganization. The MOU is valid until November 15 of this year, provided Saab Automobile stays in reorganization.
Source: Saab press release
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Swedish Automobile sells Saab Automobile AB and Saab GB to Pang Da and Youngman for EUR 100 million
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Published on 28 October 2011 12:26 Number of Views: 1477This article was originally published in forum thread: Saab reorganization news thread started by Golfhunter View original post
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Is there excessive consumption of engine oil?
Anderson,
silver2u 2 Days Ago
you should maybe do a simple test yourself before you speak to your mechanic, it is referred to as "the PCV glove test"Is there excessive consumption of engine oil?
Thank you very much. I will visit the local Saab repair technician on Tuesday and propose the solution you provided to him!
Anderson 3 Days AgoIs there excessive consumption of engine oil?
Assuming your recent oil consumption issue is related to a newly defective PCV system .(and not some of the other more serious causes mentioned earlier)
silver2u 4 Days AgoIs there excessive consumption of engine oil?
I have received your message. My PCV system was indeed repaired at the beginning of this year, and there was no oil consumption issue before that. Thank
Anderson 6 Days AgoFacebook
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