Dutch automaker will rename itself Swedish Automobile NV as part of its deal with a Chinese investor.

Saab is rising from the ashes again like a Phoenix after financing troubles halted its production in Trollhattan, Sweden.

But parent company Spyker Cars will be doing the resurrecting under a new name. The Dutch-based company will now call itself, confusingly, Swedish Automobile NV, after a deal with a Chinese company injected cash and a new lifeline to both Saab and Spyker.

Chinese car distributor Pang Da Automobile has promised a €65 million investment for a 24 percent stake in Spyker. Once the deal is approved by Chinese authorities, Spyker will be changing its name as part of the contract.

Be part of something big

Spyker Cars adopts new 'Swedish' name