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Saab Automobile enters agreement with Hawtai Motor Group on strategic partnership

Green Car Congress

The remaining €30 million will be in the form of a convertible loan agreement in the amount of €30 million with a 6-month maturity, an interest rate of 7% per annum and a conversion price of €4.88 —Victor Muller, CEO of Spyker and Chairman of Saab Automobile. —Richard Zhang, Vice President of Hawtai.