William Russo, who operates a Beijing-based consultancy called Synergistics, said that the deal demonstrates just how much Chinese companies value European brands but it’s “highly unlikely” that the alliance will get the approval of the government as it goes against China's policies to get “fewer, stronger national brands.”
Nevertheless, Spyker CEO Victor Muller and Pang Da's chief Pang Qinghua remain optimistic as Pang Da completes its review of Saab, according to Autonews. Operations at Saab's plant in Trollhatten stopped for six weeks when unpaid bills caused suppliers to stop the delivery of parts. But this plant has recently reopened after receiving 30 million euros from Pang Da for the purchase of its products. Regulatory approval was not required for this straight product-purchase portion of the deal.
Actually, my point to the reporter was that the NDRC needs to approve an alliance involving local production...and that this was unlikely. Pang Da can buy and import the cars, but government approval of local production of Saabs in China is not a likely scenario with any partner.
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