The Saabpocalypse continues as a new report is indicating the Chinese government will likely block the Da Pang / Youngman deal.

The Saabpocalypse continues as a new report is indicating the Chinese government will likely block the Da Pang / Youngman deal.

Citing anonymous sources, Autocar says the Chinese won't approve the agreement because it doesn't include any new intellectual property rights.

In related news, Sweden's Svenska Dagbladet is reporting the court-appointed administrator, who is overseeing Saab's restructuring, could force the company into full bankruptcy if the process is unlikely to succeed. This is beginning to seem inevitable as Youngman's promised bridge loan hasn't been delivered as of yet.

The Chinese government could make an official announcement on Friday, so Saab fans might want to keep their fingers crossed.

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