GM finds taker for Saab 9-3 and 9-5 sedans in BAIC
Koenigsegg may have dropped the ball with purchasing Saab but at least somebody has stepped up to take the beleaguered car brand out of GM’s hands – at least some of it. Beijing Automotive Industry Holdings Co. Ltd has bought the intellectual rights for Saab’s 9-3 and 9-5 sedans, in addition to a number of powertrain technologies.
As part of the new deal, BAIC will be manufacturing the 9-3 and 9-5 sedans in China with Saab supplying invaluable knowledge and resource to BAIC as the company begins to improve its future line-up of cars. According to Jan Åke Jonsson, the managing director of Saab Automobile, the sale of the 9-3 and 9-5 sedans to BAIC is a step in the right direction for both companies. "We have developed a good relationship with BAIC and look forward to working with them to integrate this Saab technology into their future vehicles," he said.
Despite the sale of the 9-3 and 9-5 sedans to BAIC, General Motors is still pushing through with selling the entire brand to a number of potential suitors, the most notable of which has become Spyker.