Volvo's Chinese Takeover Should Give Saab Hope

Saab Automobile faces an anxious wait for its would-be investors, as Pangda Automobile Trade Co and Zhejiang Youngman Lotus Automobile seek approval from the Chinese authorities to acquire a stake in the troubled Swedish carmaker. Although the logic of Chinese carmakers taking over a premium brand may have been questioned in previous years, the progress made by Volvo Cars since its takeover by Geely Automobile suggests it could be worth the wait for

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