Saab has signed a deal with China Automobile Trading Co. Ltd, which will see the company distribute its cars there as of next year.
The Saab 9-5 saloon and 9-4X crossover will be rolled out from July, seeing the Sweden-based carmaker’s return to China as part of its plan to realise profits and sell 120,000 cars globally by 2012.
Initial sales hopes in the world’s largest car market are to sell between 2,000 and 5,000 cars a year, aiming to increase figures to 50,000 units.
When speaking to Bloomberg, company spokesman, Eric Geers said: “Long-term we have plans to make cars in China,” but that “First we must get volumes up there, we must have dealers and see demand rise.” In 2008, its previous owner, General Motors, halted imports of the Swedish brand into China and Russia because of the economic crisis.
China Automobile Trading Co. is a state-owned company formed in 1993, which has imported and sold more than 100,000 cars since its trading began.