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Old Pang Returns from Sweden

Published June 1, 2011

In 2018 China Car Times was acquired by Autowise. This article originally appeared on ChinaCarTimes.com.

Chinese Car News | CCTJune 1, 20115:15 pm

Pang Qing Hua

Old Pang Returns from Sweden is the headline of todays Beijing news as Pang Qing Hua, the CEO of Pang Da Automobile Group, returns from his trip to Trollhatten where he visited the Saab factory.

Apparently Pang Qing Hua was very satisfied with his investment in Saab so much so that he was struggling to hide his excitement, when the Chinese automotive website Auto Sohu asked him what he thought about Saab his only reply was Great, Great Great!

Pang Qing Hua was in Sweden with his own self assembled team to tour the Saab factory, testing facility and also talked with the workers.

Pang Qing Hua went onto say It could be said that Saabs current situation is not that bad, the production facilities are world class, Saab did not lie to us.

Saabs current production capacity is 150 units per day, Pang Da Group have bought roughly 1300 cars in their first order and expected to buy more, the first batch of Saab vehicles are expected to land at Chinese ports towards the end of June, furthermore the Chinese government has already approved the 9-5 Aero, 9-5 Vector, and 9-5 Linear for sales within China, these models will also receive a 3000rmb government subsidy for being energy efficient vehicles.

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9 Comments

  1. Jeff says:June 2, 2011 at 12:55 am

    Hey guys, great website, but quick fact checking. Saabs production capacity is about 100 higher than youve mentioned per day. Keep up the good work covering Pang Da.

    Reply

    • JH says:June 2, 2011 at 1:37 am

      At full production with three shifts, the Saab factory is actually capable of producing around 500 cars per day.

      Reply

  2. Jason Powell says:June 2, 2011 at 4:36 am

    Great news, so great to see Pang Da so excited about Saab.

    Reply

  3. Frank says:June 2, 2011 at 12:15 pm

    Poor Chinese alway worship the Western, no matter what. Its actually a good time for a good bargin, instead, Chinese jumped at each others throat for a dying company. So sad what a scene!

    Reply

  4. Taco says:June 2, 2011 at 6:46 pm

    I do not understand why they start producing this cars. In the USA they have a stagering inventory.
    Be aware that Old Pang is not gambling his own money in Saab, it is the money of Pang Da share holders. Most poor shareholders do not understand how investing work. The failure of success of Pang Da is no measure for the success of Old Pang.

    Reply

  5. dragin says:June 2, 2011 at 9:27 pm

    Lao is a commonly used term by Chinese people to address someone who is older than the speaker (writer) to show his courtesy, respect and closeness, e.g. Lao Wang, Lao Pang. The term does not necessarily mean old age, and definitely does not mean outmoded or obsolete as it often does in the West.

    There were reports that Hawtais president did not find the production facilities to be world class. Is Pang really qualified to make the judgement?

    Reply

    • Jeff says:June 23, 2011 at 1:16 pm

      Reports that Hawtai vehemently denied.

      Reply

  6. Taco says:June 2, 2011 at 10:58 pm

    If you fully understand finance you realise that Lao Pang will never-ever come to an other conclusion. Even if he just had discovered that the factory does not exist he will talk up his shares with the same talk. So he can be right he can be wrong we never know.

    Reply

  7. holiday palace says:August 9, 2011 at 1:53 pm

    Im usually to blogging and i actually appreciate your content. The article has actually peaks my interest. Im going to bookmark your site and maintain checking for brand new information.

    Reply

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