Apparently Pang Da and YOungman has failed to cough up the interim funding to keep Saab afloat and this has cause the Swedish carmaker to terminate the Subscription Agreement they entered into in July with the two Chinese car companies.
In the meantime Pang Da and Youngman has offered to buy 100 per cent of the company but Saab finds this unacceptable, but it seems there is still room for maneuver as the parties are still in discussion.
Press Release after the jump
