Saab Says It's On, But Will Pang Da Eat, Shoot, and Leave? #YouTellUs

July 5, 2011
2011 Saab 9-5

2011 Saab 9-5

Saab has been on the brink of ruin for years, but each time it looks like the end is near, it seems to get a stay of execution.

Yesterday that stay of execution came from a deal with Pang Da Automobile. The deal that will get cash for Saab to build three new model lines is said to be finalized, but we have yet to hear any form of an okay from the Chinese government. Without that, the deal with nothing, and Saab could be left at the altar once again.

Last week Saab announced it sold property which raised $40 million. While that will help pay off some unpaid bills, it's not nearly enough to keep Saab going--even though a mystery buyer from China ordered 582 vehicles to help stave off bankruptcy.

Short-term fixes aren't what Saab needs. What we need is a scorecard, so we're enlisting the grammar panda to help us poll you via Twitter.  Will Pang Da just eat, shoot, and leave Saab? Tweet us your response and make sure to include the hashtag #SaabStory-- and you'll join the chorus right here via CoverItLive.

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