Biomass Energy Company Leads Deal To Buy Saab
From CNBC
The Asian consortium planning to rescue Swedish automaker Saab Automobile from insolvency is led by a mainland Chinese alternative energy tycoon whose company has close ties with China’s State Grid electricity utility.
Acquiring Saab’s car making assets could help bring the huge, state-owned utility a step closer toward its long-sought goal of breaking into the electric vehicle market.
