North Street Capital Puts $70M into Saab Owner

North Street Capital, which bought the luxury sports car business of the Dutch owner of Saab in September, is putting $70 million into the car maker, Reuters reported Thursday. Swedish Automobile, which owns Sweden's Saab, said on Thursday it would accept a $10 million equity investment from the firm, and a $60 million loan to fund its ongoing reorganization.

20 October 2011•2 mins read
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