The Youngman-Proton tie up is producing some interesting cars, not interesting in a ‘wow‘ factor but more interesting in the ‘What were they thinking?‘ aspect. Youngman bases its cars off the Proton RCR, a car that was originally sold in China but has since given away to two self developed models from Youngman, neither products are…

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Youngman and Spyker, once famed for their attempted take over of Saab, have returned to the negotiating table and announced the formation of a new joint venture. In 2011 Youngman received the rights to the Phoenix platform as part of its aborted take over of Saab, the new platform was apparently developed independently of GM and as such Youngman were…

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Youngman officially gave up on Saab yesterday after it was finally forced home that GM wouldn’t be sharing any of its tech with Chinese companies outside of its close joint venture partners. Mahindra and Mahindra appear to be in the running to pick up the pieces of the failed Swedish company, with Ssangyong under its wing as well as the left overs of…

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Youngman’s ‘Lotus’ brand which is essentially made up Proton cars in drag, is being pitched hard as a sports brand in second and third tier cities. They do many auto sports events to prove the prowess of their Malaysian/Chinese cars, one of which includes doing a loop the loop in a wooden loop of death, usually it’s successful, this time it was disastrous:

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The Beijing Auto Show starts tomorrow, and cars have started arriving at Beijing. One of them is the Youngman-Lotus still unnamed SUV, similar in size to the Honda CRV. It looks like it’s based on the APX concept shown by Lotus back in the 2006 Geneva Auto Show.

lotus suv 01t Youngman Lotus SUV arrives at Beijing Read More →

Youngman are busy trying to buy Saab yet again, but their own car project has not been held back. Proton signed a deal to supply Youngman with parts, platforms and cars to develop their own brand which was originally called Europestar but swapped over to the Lotus name. Youngman’s involvement with Lotus/Proton has obviously moved on a step with the…

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Although Saab is officially out of business, a Swedish delegation is reportedly in China visiting Youngman according to reports from both of the Swedish Daily and also China Daily, the Swedish government is obviously eager to sell off any outstanding parts of the Saab automobile company and Youngman is still appears to be in the lead.

From China…

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With Saab’s demise into bankruptcy being confirmed in the week before Christmas the automotive vultures have started to emerge, as with MG-Rover’s death in 2005 multiple parties have emerged expressing an interest in buying the remaining assets of the stricken company. Youngman are expected to receive the lions share, but an outsider – Dongfeng Auto…

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Pangda’s problem: ‘The bride to be married, the groom is not me.

According to the report of December 4th of Reuters, Saab Automobile will be jointly held by a Chinese bank (not Bank of China) and Youngman Automobile, with holding shares less than 50%. Saab’s new ownership structure is that the Swedish car company SWAN…

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Stuck in an impasse, the takeover of Saab by Pangda and Youngman lotus might usher in a new turn.

Recently, a source close to Pang Da Group was quoted by the First Financial Daily, regarding the acquisition of Saab, Saab Automobile restructuring officer Guy Lofalk went to Detroit for a face to face talk with General Motors. The reporter was informed,…

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The Swedish court dealing with Saab restructuring announced the investment plan of the concerned Chinese investors on October 31, which shows that Pangda Automobile Trade Co and Zhejiang Youngman Lotus Automobile Co will acquire 100% stake in Saab for 100 million euros, and the successive investment will be as high as 600 million euros. The acquisition…

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It seems that Saab is now a Chinese company along with Volvo. Pangda and Youngman have taken over Saab in its entirety and it will become part of the Pangda-Youngman empire. The two companies are set to spend 100 million Euro on the company, which of course has to receive approval from the National Development and Reform Council (NDRC) before any more…

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The ongoing Saab drama is something that we’ve tried to keep off the front pages of China Car Times as the story has gone from plausible to outright soap drama crazy in just a few short weeks. Looking back at March this year when…

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The longer Saab waits for its long promised investment money from its Chinese partners the closer it gets to closing the doors, but the rumor does not wait, last week it was rumored that Geely were interested in taking on the Saab-story, but it seems that Geely are quite happy with just the one Swedish brand:

Geely Automobile Holdings Ltd….

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After losing their grip on the opportunity of working with Saab, Hawtai have lost no ground in chasing new partners, Hawtai are reportedly working with the Malaysian auto company Proton.

According to inside sources the two companies maybe pairing up to take on the Indonesian market and have had multiple high level meetings at Hawtai’s new…

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Although Saab is at a critical point between life and death, Youngman is still optimistic about its future and has put forward a 2012+ product plan for the ailing Swedish company.

Huang Zhiqiang, vice president of Zhejiang Youngman Passenger Car Group, said that the first thing Youngman will do after completing the Saab acquisition is to expand Saab’s…

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If Saab can’t find an investor to pay its employees in two weeks, it will be forced to start liquidation process. Then its deals with Pangda and Youngman will become invalid completely, but due to restrictive policies by the Chinese government, the two Chinese companies are not allowed to make more investment to save Saab at the moment.

According…

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Saab and Pangda have finally come forth with a plan to save Saab from the history books, the plan has not yet been made public but will be submitted to the National Development and Reform Commission (NDRC) within the next 30 days. The NDRC is the all powerful body that oversees all major business developments in the Chinese market and all overseas investment…

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Saab maybe shuttered for July and possibly August, but that has not stopped plans moving ahead for the production of Saab’s in the Chinese market, thanks to a life saving investment from Chinese partners Youngman and Pangda, the trio are planning to pin Saab’s survival on the red hot Chinese market. The Swedish-Chinese love triangle is working hard…

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