Breaking: GM Sells Old Saab Platform Rights to China’s Beijing Auto

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Breaking: GM Sells Old Saab Platform Rights to China’s Beijing Auto
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General Motors has reached an agreement to sell off part of its struggling Saab division to China’s Beijing Auto (BAIC). The deal would see BAIC take control of Saab’s rights assets and tooling assets of the past 9-5 and 9-3 models in order to build those vehicles in China. Saab’s future has been uncertain for… Continue Reading...

Report: GM Needs to Decide on Saab Sale This Week Says Swedish Car Czar

Report: GM Needs to Decide on Saab Sale This Week Says Swedish Car Czar
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The Swedish government is putting the pressure on General Motors, saying that it must make a decision this week on the sale of Saab if the deal is to go through by the end of the year. “They must at least have chosen one of the interested parties this week, otherwise it will be tough… Continue Reading...

Report: Beijing Auto Hardly a Savior for Saab

Report: Beijing Auto Hardly a Savior for Saab
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Yesterday’s positive news for the Saab faithful has once again been met with the grim reality of the Swedish automaker’s situation. Just 24 hours ago news emerged that China’s Beijing Auto (which supported the Koengisegg-led purchase of Saab) had secured $2.93 billion in loans from the Chinese government – which would presumably be used to… Continue Reading...