Chinese car maker Zhejiang Youngman Lotus Automobile Co. gave ailing Saab a new injection of cash, Saab said on Thursday, keeping alive the Swedish car maker's hopes of survival.
The money is part of a 70 million euros ($97 million) loan planned by Youngman that is intended to see Saab through a period of creditor protection until Chinese authorities approve a bigger investment by Youngman and China's Pangda .
That approval could come in weeks, Saab said.
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