Cars
Citing unnamed sources, Sweden's Ny Teknik newspaper reported today on its website that Saab has sold the production tools for its outgoing 9-5 model to China's Beijing Automotive Industry Holding Corp. (BAIC). Saab refused to confirm or deny the report. "I cannot comment on it", Saab's spokesperson Gunilla Gustavs told the newspaper. The report, however, claims that the sale is a done deal.
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We have been critical of the clones produced by Beijing Automotive Industry Holding Co. (BAIC for short) such as its Mercedes B-Class doppelganger called the BC301Z, but the Saab 9-3 sedan pictured above is actually legit. You see, GM sold the intellectual...
- Gm Sells Saab 9-3, Current 9-5 And Other Assets To China's Baic
It was confirmed today that General Motors has come to an agreement with Beijing Automotive Industry Holdings Co. Ltd (BAIC) for the sale of certain key assets from SAAB. BAIC, China's fifth-largest automaker, bought the intellectual rights for Saab's...
- Breaking News: Koenigsegg Terminates Agreement To Buy Saab From General Motors
General Motors has just announced that the proposed sale of its Saab unit to a consortium led by Swedish sports car maker Koenigsegg has been canceled. And this time, it's not because the Detroit automaker wanted to keep Saab as was the case with...
- Koenigsegg Reported To Have Agreed To Buy Saab, Officials Says No Comment
Citing anonymous sources, Sveriges Television AB, or SVT for short, reported on its website that Swedish sports car maker Koenigsegg has agreed to buy GM's loss-making premium brand, Saab. "The buyers have signed a letter of intent to buy Saab. Final...
- Koenigsegg Among The Remaining Bidders For Gm's Saab Division
According to a report from the Swedish financial daily newspaper, Dagens Industri, Sweden's own supercar builder Koenigsegg, is one of the three remaining parties interested in buying General Motors' SAAB brand. The newspaper said that the other...
Cars
China's BAIC Buys Equipment for Old 9-5 from SAAB, According to Swedish Newspaper
Citing unnamed sources, Sweden's Ny Teknik newspaper reported today on its website that Saab has sold the production tools for its outgoing 9-5 model to China's Beijing Automotive Industry Holding Corp. (BAIC). Saab refused to confirm or deny the report. "I cannot comment on it", Saab's spokesperson Gunilla Gustavs told the newspaper. The report, however, claims that the sale is a done deal.BAIC had joined forces with Koenigsegg Group AB to acquire Saab from GM. After Koenigsegg pulled out of the talks, it was reported that BAIC may either go solo and make an offer for Saab on its own, or, more likely, make a bid for the Swedish firm's assets.
Earlier this week, General Motors stated that it would accept new offers for its Saab division until the end of December, but if it did not manage to strike a deal, it would consider the option of winding down the Swedish brand.
Source: Ny Teknik
- Saab 9-3 Gets Another Chance In Life In China As An All-electric Model From Baic
We have been critical of the clones produced by Beijing Automotive Industry Holding Co. (BAIC for short) such as its Mercedes B-Class doppelganger called the BC301Z, but the Saab 9-3 sedan pictured above is actually legit. You see, GM sold the intellectual...
- Gm Sells Saab 9-3, Current 9-5 And Other Assets To China's Baic
It was confirmed today that General Motors has come to an agreement with Beijing Automotive Industry Holdings Co. Ltd (BAIC) for the sale of certain key assets from SAAB. BAIC, China's fifth-largest automaker, bought the intellectual rights for Saab's...
- Breaking News: Koenigsegg Terminates Agreement To Buy Saab From General Motors
General Motors has just announced that the proposed sale of its Saab unit to a consortium led by Swedish sports car maker Koenigsegg has been canceled. And this time, it's not because the Detroit automaker wanted to keep Saab as was the case with...
- Koenigsegg Reported To Have Agreed To Buy Saab, Officials Says No Comment
Citing anonymous sources, Sveriges Television AB, or SVT for short, reported on its website that Swedish sports car maker Koenigsegg has agreed to buy GM's loss-making premium brand, Saab. "The buyers have signed a letter of intent to buy Saab. Final...
- Koenigsegg Among The Remaining Bidders For Gm's Saab Division
According to a report from the Swedish financial daily newspaper, Dagens Industri, Sweden's own supercar builder Koenigsegg, is one of the three remaining parties interested in buying General Motors' SAAB brand. The newspaper said that the other...