Cars
Saab Signs Deal to Return to China Market in 2011
Maintaining a presence in China is vital for any automaker these days, even more so for a company like Saab that is struggling to make a comeback after almost going down this year. The Swedish automaker signed a memorandum of understanding (MOU) with China Automobile Trading Co. LTD (CATC), which will allow the firm to re-enter the Chinese market after a three-year hiatus, as Saab's previous owner, General Motors, had pulled the brand out of China in 2008. Read more »
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Saab Deal Supported “in Principle†By Chinese Authorities
Last Friday, Swedish Automobile N.V. [Swan] signed a Memorandum of Understanding with Pang Da and Youngman for the sale of the Saab brand to the two Chinese companies. A MoU, however, does not mean that the transaction is completed. Especially when the...
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Saab Targets Chinese And Russian Markets, Unlikely To Develop A Diesel 9-4x
Saab has revealed plans to begin distribution to China and Russia. Deals for both countries will be signed before the end of the year, while Saab is also pondering the assembly of cars in the Far East. In other news, the Swedish maker also said that...
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Saab Seals Engine Deal With Bmw, Gets 4 Cylinder Turbo Units From 2012
The BMW Group and Saab-owner Spyker Cars N.V. have come to an agreement for the use of the German automaker's petrol engines in Saab's vehicles from 2012 onwards. The long-rumored deal, which will ultimately help Saab further reduce its reliance...
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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...
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China's Beijing Auto Wants To Buy Previous Saab 9-5 Tooling And Design Rights
As the saying goes, another man's trash, well you know the rest... Citing unnamed sources, UK's Autocar magazine is reporting that China's Beijing Automotive Industry Corporation (BAIC) is interested in buying the tooling and design rights...
Cars