Nasdaq Withdraws NYSE Bid; China Buys Stake In Saab

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RENEE MONTAGNE, Host:

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MONTAGNE: But today SAAB's parent company announced a deal, in which China's largest car distributor, Pang Da, will inject funds in return for a stake in the brand. The two will also form a joint venture to distribute SAAB cars in China. Transcript provided by NPR, Copyright NPR.