For the second time this month, and shortly after the break up in talks with the Hawtai Motor Group, Saab�s parent company Spyker Cars N.V. today announced that it has signed a Memorandum of Understanding (MoU) with a new Chinese company to provide fresh funds for the deeply troubled Swedish automaker. This time Spyker signed a tentative finance and import deal with Pang Da Automobile Trade Co., Ltd (Pang Da), said to be China�s largest publicly traded automobile distributor with over 1100 dealerships in the country.
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