Saab joins Chinese Youngman, Partner of Lotus

The agreement between Saab and Pang Da concerned the distribution and manufacture on-site models of the Swedish brand. Being a distributor, Pang Da had to find another partner for assembly models. It is within this context that Youngman joined the dance.

Importer of Lotus in China, Youngman has formed a joint venture with the manufacturer of Ethel. Youngman is hereby authorized to affix the Lotus logo on its own models, which are other than Proton (Malaysian manufacturer owns Lotus).

The joint venture between three companies will be 45% owned by Saab, 10% by Pang Da and 45% by Youngman.