RENEE MONTAGNE, host: NPR's business news starts with lower oil prices.</s>RENEE MONTAGNE, host: Oil prices continue to drop today. Prices have fallen below $100 a barrel - sharply lower than the $115 weve seen in recent weeks. Traders are selling in part out of concern that high gas prices in the U.S. will lead to a drop in fuel consumption.</s>RENEE MONTAGNE, host: That struggling carmaker Saab may get a lifeline from a Chinese car company. Saab was owned by General Motors. GM sold to a Dutch company last year as part of GMs restructuring process. The company has had trouble turning Saab around, so now its turned to China for help.</s>RENEE MONTAGNE, host: Today, it announced a deal with China's largest car distributor; its called Pang Da, in a deal worth more than about $90 million. The Chinese company will take 24 percent stake in Saabs parent company.
Oil prices have fallen below a $100 a barrel — sharply lower than the $115-a-barrel price seen in recent weeks. Also Monday, the Dutch company that bought Saab from General Motors, announced a deal with China's largest car distributor.