Gasgoo
Market & Industry
In the wake of Saab's bankruptcy, Pangda sees stock price fallDec. 22 , 2011
China's Pangda halts bid to acquire Saab

Reuters (Shanghai) - China's Pang Da Automobile Trade (601258.SS) said on Wednesday it would halt its attempt to acquire Swedish carmaker Saab in light of Saab's bankruptcy.

Dec. 22 , 2011
Over 600000 Great Wall Haval H SUVs soldDec. 21 , 2011
9862 Cadillac SRXs recalled
Koleos to be first Renault made in China
Only one Chinese own brand automobile recalled this year
Youngman will not try to invest in Saab again

Gasgoo.com (Shanghai December 20) - In a press conference yesterday, Zhejiang Youngman President Huang Zhiqiang confirmed that his company would not continue to negotiate with Saab following the company's declaration of bankruptcy, China Business News reported today.

Dec. 21 , 2011
Total number of automobiles on Chinese roads grew 150% from 2005 to 2010Dec. 20 , 2011
Toyota to sell third generation Prius in ChinaDec. 20 , 2011
Dongfeng Yueda Kia finished R&D work on new own brand model
Dongfeng Honda recalls 2270 Civics
Pangda CEO denies being invited by GM to negotiations regarding Saab
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