Is Beijing the new Trollhatten? And does Hyundai really hold the key to the future of Saab?

These are just two of the questions I’m left pondering following yesterday’s news that Koenigsegg Group had backed out of an agreement to purchase Saab from General Motors.

Saab sale 'still possible'

The Beijing connection comes by way of Beijing Automotive Industry Holding Corp (BAIC), which has been eagerly shopping around for a cut priced western based car maker of late. And, as those close to General Motors’ dealings on the Saab sale reveal, it appears the very last hope for the financially embattled Swedish car maker.

“Without a fresh injection of capital in the next 100 days, we can likely say goodbye to Saab as we know it today,” was how one senior European automotive industry analyst put Saab’s dire financial position to me this morning.