Currently reading: BAIC buys key Saab assets
Chinese firm buys rights to current 9-3, old 9-5 and powertrain tech

General Motors has sold key Saab assets to Beijing Automotive Industry Holding Co (BAIC).

The Chinese firm has bought the rights to the current 9-3 and the old 9-5, as well as Saab’s tooling and powertrain technology.

Saab’s managing director Jan-Ake Jonsson said, “This arrangement is excellent for both parties, now and for the future.

“We have developed a good relationship with BAIC and look forward to working with them to integrate this Saab technology into their future vehicles.”

Dutch sports car firm Spyker had been keen to land the whole of Saab and over the weekend, its CEO Victor Muller said it was still in talks to buy the whole of the Swedish firm.

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WooDz 14 December 2009

Re: BAIC buys key Saab assets

This should read "elements of the current 9-3" and all of the old 9-5. A small difference but essential in understanding that GM do NOT want their latest technology falling into to hands of another Chinese manufacturer that will would become an aggressive competitor to the GM-SIAC corporation.