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Saab joins the Chinese automaker Hawtai

Saab joins the Chinese automaker Hawtai picture #1

Saab: Three Chinese companies interested

Decidedly, the Swedish manufacturers Saab and Volvo seem to cast their sights on Chinese companies to ensure their existence.

After Volvo was bought by Chinese carmaker Geely, here it is the turn of Saab or if you prefer, its purchaser Dutch Spyker, an agreement with the Chinese company Hawtai. This constructor provides the very fact 29.9% of the assets of the second largest Swedish manufacturer, involving an estimated injection of money of € 120 million.

Lack of liquidity, the production of Saab cars had to be stopped on April 6 and, despite 30 million euros paid by Russian billionaire Vladimir Antonov. With this new flow euros, Saab expects to resume its various activities in the coming weeks.

The company Hawtai

Hawtai Motor is a small Chinese automaker little known but whose main activities involve several economic sectors linked to the Chinese market of automobile. Currently, the production capacity of Hawtai is around 350,000 vehicles assembled annually.

It also speaks of a strategic agreement that would allow Saab to facilitate access not only to the Chinese market of automobile, but also the emerging Asian markets.

Saab joins the Chinese automaker Hawtai picture #2

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