The next (last?) chapter in the Saab saga has begun, as owner Swedish Automobile announced today that it was engaged in talks with a bank in China and Zhejiang Youngman Lotus regarding a rescue deal – a deal that would see the Chinese bank in question taking partial ownership of Saab, according to Automotive News.

Though it was originally reported by media outlets that the Bank of China would replace former investor Pang Da Automobile Trade Co, Swedish Automobile CEO Victor Muller told a Swedish news agency today that is not the case. The company did confirm that it’s discussing a new deal with Youngman Lotus and a bank in China about an equity interest, but would not name the bank. The company also declined to say whether Pang Da was still involved in the talks.