Based on news reports, SAAB may be pushed into bankruptcy as early as later last tuesday. According to the British weekly, emergency financial support from Chinese carmaker Youngman is "virtually certain to be blocked" by its home government because the deal does not include any new intellectual property rights. Saab not only needs approval from Chinese authorities to broker the deal, it must also still see its new structures formalized in Swedish courts.

Saab has been waiting on both a £60 million loan ($94M USD) from Youngman and an additional £210M ($328M) from Zhejiang Youngman Lotus Automobile and PangDa, but to date, funds have not been cleared because of governmental bottlenecks and negotiating hurdles. that sounds like our government here in south africa, playing politics while thousands of jobs are at stake but hey lets be calm about it because its europe and they know better.  News if you currently drive a Saab chances are you will have to cook with it if ever you want to trade it in for another model.