20/10/11
SAAB Thrown Lifeline

SAAB has been offered a $70M lifeline by investment firm North Street Capital. The company is buying 2.38 million shares for $10M and is offering a further loan of $60M. Managing Partner of North Street, Alex Mascioli, is described as a fan of performance cars. SAAB’s owner, Swedish Automotive accepted the deal because of continuing uncertainty over Chinese investment.

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