Saab: Big investment promised by new Chinese owners

TheAutoInsider: The company handling Saab's bankrupcy proceedings, Guy Lofalk, has announced the new owners of the troubled Swedish car maker,  China based Youngman and Pang Da, have promised investments totalling 610 million Euros through 2012.

The much needed cash injection will be used in the development of new Saab models, including the long awaited replacement for today's 9-3 pictured below for the first time.

The investment comes on top of the 50 million Euros Youngman and Pang Da have promised to once again get production at Saab's Trollhatten plant up and running. Saab has also secured 63 million Euros in loans from the European Investment Bank. 

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