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Monday, 2 May 2011
Saab Secures Short-Term Loan, Will Restart Production Next Week
Saab’s got a new short-term lease on life, as Automotive News Europe [sub] reports that the Swedish brand has secured a ?30m, six-month convertible loan from Gemini Investment Fund. Saab is also requesting a ?29.1 drawdown of its EIB loan, and when that is approved next week, Saab will reach the ?59.1m in liquidity it [...]
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