GM Sells Saab Production Assets to Chinese Manufacturer

Posted In: Materials

Monday, December 14, 2009

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Saab Automobile AB announced today that it had closed on the sale to Beijing Automotive Industry Holdings Co. Ltd (BAIC) of certain Saab 9-3, current 9-5 and powertrain technology and tooling. Saab will assist BAIC to integrate this technology into future BAIC vehicles.

Jan Åke Jonsson, Managing Director of Saab Automobile 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."

Source: GM

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