SAAB Dies For The Second Time

China Evergrande Group’s financial woes have spilled over to Sweden, with a unit of the company’s electric-vehicle arm in talks to find new backers after cutting 300 jobs.  

“I’m acting as if things won’t be working out with Evergrande,” Stefan Tilk, the chief executive officer of National Electric Vehicle Sweden AB, said in an interview. “Therefore we have entered discussions with new intended owners or project financiers.”

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