Zhejiang Youngman Lotus Automobile

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Saab Declares Bankruptcy
 Saab Declares Bankruptcy 

Saab Declares Bankruptcy

GM vetoes deal involving Chinese company

(Newser) - Saab finally threw in the towel today, after former owner General Motors once again vetoed a rescue plan involving China’s Zhejiang Youngman Lotus Automobile. Saab’s current owner, Swedish Automobile, filed for its bankruptcy, saying that "the company, without further funding, will be insolvent, and that filing bankruptcy...

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