Saab sells production equipment for its old 9-5 models to BAIC

Article by Christian A., on August 27, 2010

Even as a deal for a consortium that includes Beijing Automotive Industry Holding Corp (BAIC) to purchase Saab has collapsed, BAIC still was able to buy Saab's production equipment for its old 9-5 models, according to a report from Sweden's Ny Teknik newspaper. Reportedly, Saab had started to dismantle the production line for the old 9-5 in October.

Saab plans to send the equipment to China and make preparations for its new 9-5 line, which will start production early next year.

General Motors Co., Saab's parent company, had previously hesitated to sell anything that holds intellectual property rights but it probably made the exception because the 9-5 production equipment is significantly different from any other car it makes. 

According to the Swedish newspaper, Saab engineers said that although the 9-5 was based on the Vauxhall Vectra, it actually shared only 35% of its parts with the Vectra.

As mentioned, BAIC was part of the failed takeover talks for Saab led by Koenigsegg however, it has been widely reported to be considering bidding alone.

Meanwhile, sources have claimed that it has several serious bidders making an offer for the company.

The wait won't be long as a Dec. deadline has been set to find a new buyer for the company. Otherwise, General Motors will wind it down. To date, Saab has not commented on these reports. [via autonews]

If you liked the article, share on:

Comments

Recommended

Hyundai is introducing a new 2018 Accent that is not only wider and longer, but is now also sporting a new look that is more serious than the previous model....
by - February 20, 2017
Fans and enthusiasts of the BMW M2 in the United States could now rejoice. This comes as their favorite BMW M2 is getting a limited edition version as prepped by...
by - February 20, 2017
Carmakers usually leave us thirsty for information on whether they would introduce a new, refreshed or face-lifted vehicle and on when they intend to launch it. There are reasons for...
by - February 20, 2017
Cadillac’s CT6 full-size prestige-luxury sedan is still somewhat new. It has been offered to the global auto market for two model years – 2016 and 2017. But for those who...
by - February 19, 2017
In many industries, it is the rivalries that make things exciting. In basketball for example, there is the well-known rivalry between the Los Angeles Lakers against the Boston Celtics. For...
by - February 19, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries