Dutch car maker Swedish Automobile, parent of the financially troubled Saab group, has torn up contracts with two Chinese firms who had been hoping to buy a stake in the Swedish firm.

In a statement, Swedish Automobile said Youngman and Pang Da had not confirmed they could meet their commitments.
During the summer, the two firms agreed to invest €245m in Saab, in return for a stake of almost 54%.
The decision means the future of Saab is once again in doubt. The company is under court protection from creditors but the curator has applied to have this lifted.
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