Chinese to buy (part of) Saab?
Discussion
http://news.bbc.co.uk/1/hi/business/8411484.stm
China's Beijing Automotive (BAIC) has agreed to buy some assets from General Motor's Swedish business, Saab.
The Chinese firm is buying the intellectual property for two of Saab's models, as well as some car parts, to use in their own-branded vehicles.
The entire Saab brand is still up for sale by General Motors. Dutch carmaker Spyker is in talks over a deal.
BAIC had previously been part of Swedish firm Koenigsegg's failed takeover bid for the whole of Saab.
China's Beijing Automotive (BAIC) has agreed to buy some assets from General Motor's Swedish business, Saab.
The Chinese firm is buying the intellectual property for two of Saab's models, as well as some car parts, to use in their own-branded vehicles.
The entire Saab brand is still up for sale by General Motors. Dutch carmaker Spyker is in talks over a deal.
BAIC had previously been part of Swedish firm Koenigsegg's failed takeover bid for the whole of Saab.
TooLateForAName said:
http://news.bbc.co.uk/1/hi/business/8411484.stm
China's Beijing Automotive (BAIC) has agreed to buy some assets from General Motor's Swedish business, Saab.
The Chinese firm is buying the intellectual property for two of Saab's models, as well as some car parts, to use in their own-branded vehicles.
The entire Saab brand is still up for sale by General Motors. Dutch carmaker Spyker is in talks over a deal.
BAIC had previously been part of Swedish firm Koenigsegg's failed takeover bid for the whole of Saab.
IIRC this deal has been on the table for a while; is it the "least worst" Chinese annexation of GM's IP as far as GM are concerned, as the models concerned are not built on especially modern underpinnings.China's Beijing Automotive (BAIC) has agreed to buy some assets from General Motor's Swedish business, Saab.
The Chinese firm is buying the intellectual property for two of Saab's models, as well as some car parts, to use in their own-branded vehicles.
The entire Saab brand is still up for sale by General Motors. Dutch carmaker Spyker is in talks over a deal.
BAIC had previously been part of Swedish firm Koenigsegg's failed takeover bid for the whole of Saab.
I wonder, however, how this affects the future supply of spares - after all, if the Chinese own the IP in the parts...
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