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Saab Has Reason To Sob

Saab Auto AB, owned by Spyker Cars, N.V., has lost a badly needed source of capital: the company's deal with Chinese automaker Hawtai Motor Group has fallen through. Spyker said it is trying to put the deal back on track. Saab, which is cash starved, thought it had a sure thing last week when Spyker announced that Hawtai would provide $172 million in return for a 29.9% stake in the company.

Read the whole story at The Detroit News »

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