-Saab receives first payment from Zhejiang Youngman Lotus Automobile.
Auto Business News - 14 December 2011
Saab, a Sweden-based automaker, has received its first payment from China-based Zhejiang Youngman Lotus Automobile.
Saab spokesman, Eric Geers, stated that Saab has paid its taxes and is working to pay salaries and to receive funding for salaries and to maintain the firm's reorganisation.
Geers said, 'I can confirm a first payment from Youngman. Funding has come into Saab accounts.'
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