A Chinese-born Swedish investor with Japanese support has agreed to buy bankrupt automaker Saab Automobile and plans to bring it back to life as a maker of electric cars, with an initial focus on the Chinese market.
Saab, which has been making cars since 1947, crashed into bankruptcy at the end of 2011, less than two years after former owner General Motors (GM) sold it to Dutch group Spyker.
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June 15 2012