Zhejiang Youngman Lotus Automobile Joins Hands With Pang Da Group To Make And Sell Saab Cars

Profession:De Brauw Blackstone Westbroek N.V.
 
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De Brauw advised Chinese car manufacturer Zhejiang Youngman Lotus Automobile ("Youngman") on forming a strategic partnership with Saab's Dutch holding company Swedish Automobile and China's Pang Da Automobile Trade Co in a EUR 245 million (USD 352.1 million) joint venture to help rescue its struggling Swedish car manufacturer. Due to this joint venture new product Saab models can be developed (NPJV) by which the brand will be better positioned to meet demands in markets around the world and China in particular.

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