Daimler, BAIC to develop electric vehicles
Daimler AG has formalized its intention to develop electric vehicles with Beijing Automotive Industry Holding Co., by signing a letter of intent last week. This was made to further... Read more
Daimler, BAIC seeking $2 billion in loans for new production lines and an engine factory
The joint venture of Beijing Automobile Industry Holding Co. and Daimler AG is seeking 12.8 billion yuan ($2 billion) in loans from a group of banks for an engine factory and new... Read more
Daimler, BAIC to invest 2 billion euros for the production of four new models
An agreement was signed by Daimler AG and Beijing Automotive Industry Corp. to invest 2 billion euros for the production of four new models in China, the expansion of its engine... Read more
BAIC and Dongfeng held job fairs around Germany, searching for engineers
Beijing Automotive Industry Holding Corp. and Dongfeng Motor Group Co., two state-owned automakers in China, have commenced recruitment in Germany for their expanding operations. Last May... Read more
Johnson Controls-Saft Groupe joint venture to supply lithium ion batteries to BAIC
A joint venture between two leading global battery producers - France-based Saft Groupe SA and Milwaukee-based Johnson Controls Inc. - will be supplying lithium ion batteries for electric... Read more
BAIC making a bid to acquire Italian design firm Pininfarina
For those who don’t know, Pininfarina, the well-known Italian design house, is not having its best moment as the company has been up for sales for months now. Still, there is a solution... Read more
Beijing Automotive Industry Holding Corporation shows interest in Volvo
It was recently reported that the latest bidder for the ailing brand Volvo is Beijing Automotive Industry Holding Corporation (BAIC). The information said that representatives from BAIC... Read more
Official: BAIC bids for Volvo
Beijing Automotive Industry Holdings (BAIC) has officially placed a bid for Volvo, according to a Chinese magazine. According to our sources, the Chinese manufacturer is currently... Read more
GM sells key Saab assets to BAIC in order to get some cash
Saab defends its plan to sell key assets to Beijing Automotive Industry Holdings Co. by saying that this will help in securing its future. No details were revealed about the deal but Saab... Read more
The Opel saga continues: Magna the final buyer?
Which company will be rewarded the deal to buy a stake in Opel/Vauxhall from GM? That's the question on everyone's lips. If Magna co-CEO Siegfried Wolf is to be believed, the Canadian... Read more
BAIC wants to invest in Saab
The Beijing Automotive Industry Holding Corporation, which now wants to partner with Saab, had actually been involved in a failed attempt to purchase Saab from General Motors. BAIC CEO... Read more
BAIC out of Opel race! RHJ International and Magna continue the battle!
BAIC is no longer in the running to buy GM's Opel/Vauxhall, according to John Smith, the deal's chief negotiator. That is the latest development in the negotiations, which could only be... Read more
BAIC to replace Shanghai GM as the new sales agent for Saab vehicles in China
Saab's new sales agent for its vehicles in China will now be Beijing Automotive Industry Corporation (BAIC), according a report from Southern Metropolis Daily, which in turn cited foreign... Read more
BAIC to build new plant to make vehicles using Saab technology
China's Beijing Automotive Industry Holding Co. (BAIC) will construct a plant to produce vehicles using technology acquired late last year from Saab (formerly a General Motors unit),... Read more
GM in talks with BAIC about a partial sale of assets tied to Saab
Despite indications that General Motors Co. is open to a partial sale of assets to China's Beijing Automotive Industry Holding Corp., Saab is hopeful that a buyer will be named for the... Read more
BAIC to show its bid for Opel, in case the Magna deal fails
There are reports stating that the top brass of Beijing Automotive Industry Holding Co. is due to have a conference with the officials of GM this week to brainstorm its intentions for... Read more
BAIC shows its interest in Saab
More than ever, it has become obvious that China's automakers have a difficult road ahead of them to gain a global profile. General Motors still has not been able to sell Saab off to... Read more
BAIC wants to integrate immediately newly acquired Saab designs
Beijing Automotive Industry Holding Co., which plans to immediately utilize the technology that it recently acquired from General Motors Co.'s Saab unit, revealed that production of these... Read more
BAIC might still be interested in buying Saab
In contrast to reports that recently came out, Beijing Automotive Industry Holding Corp. might still be interested in buying Saab, according to the company's general manager Wang Dazong.... Read more
BAIC to buy the design rights of outgoing Saab 9-5
The tooling and design rights to the outgoing Saab 9-5 are likely to be bought by the Beijing Automotive Industry Corporation (BAIC), according to our sources. Recently, BAIC became a... Read more
Last Saab 9-5 rolls off the assembly line
Production has ended for Saab's top-level offering, the current 9-5, at the Trollhattan plant. The 9-5 has been virtually unchanged since it started being produced in 1997. But in only a... Read more
GM gets $197 million from BAIC for Saab key assets purchase
Saab got some much-need infusion of funds when Beijing Automotive Industry Holding Co. paid 1.4 billion crowns ($197 million) to purchase the intellectual property rights and equipment to... Read more
BAIC not wanted by Opel unions
Chinese manufacturer BAIC is facing protests made by Opel unions for having lodged a GBP570 million bid for Opel/Vauxhall. Union leaders expressed doubts on whether BAIC is sincere in its... Read more
Report: Saab turned a profit of $531 million in 2009
According to Saab Automobile's annual report in 2009, it had a profit of 3.9 billion kronor ($531 million), which it attributes to deals with its creditors and a deal to sell equipment to... Read more
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