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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
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Pangda CEO denies being invited by GM to negotiations regarding Saab
New vehicle tax policy to go into effect January 2012
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