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News and Information about saab 9-5 and baic

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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 minority shareholder in the Koenigsegg Group, which is seeking to buy Saab from General Motors. If BAIC's plans go ahead, production of the 9-5 will be moved to China.

Incidentally, production of the 9-5 estate is expected to end in the next few weeks. Questions are circulating on whether BAIC will re-start production of the 9-5 in its current form or whether it will re-skin the car for sale under BAIC's own brand. 

Read the entire article BAIC to buy the design rights of outgoing Saab 9-5

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

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. 

Read the entire article Saab sells production equipment for its old 9-5 models to BAIC

Daimler and BAIC to spend 1 billion euros to raise China output

Daimler and Beijing Automotive Group will invest EUR1 billion ($1.37 billion) to more than double Mercedes-Benz production capacity at their joint-venture site to keep up with increasing demand. The Beijing site produces the C-class, E-class sedans, GLK SUV and will add output of the GLA compact SUV next year. The expansion will allow the site to build over 200,000 vehicles in 2015.

The site could be further expanded if demand continues to surge. Mercedes posted a 57-percent rise in deliveries in China in the first two months of the year. The EUR1-billion investment is part of a EUR4 billion spending project in China that will also include broadening of the carmaker’s model lineup. Daimler and BAIC will also hike engine production at their Beijing site from 250,000 units as vehicle sales rise.

Daimler chief executive Dieter Zetsche said in a statement that the Chinese auto market continues to have great potential, in which the company wants to participate in. China is vital to Zetsche's goal for Mercedes to top BMW and Audi and become the best-selling luxury car brand in the world by 2020.

Read the entire article Daimler and BAIC to spend 1 billion euros to raise China output

BAIC Motor eyes to raise $2 billion from Hong Kong IPO

BAIC Motor is planning to raise up to $2 billion in an initial public offering in Hong Kong, higher than its initial target of nearly $1 billion last year. The listing is expected to take place in the second quarter of 2014, sources privy with the IPO plans told Reuters.  According to industry executives and analysts, an expected series of economic stimulus measures and strong demand for cars in smaller Chinese cities in interior regions will boost the industry’s performance in China.

"China's auto industry is in the midst of a recovery, and is likely to grow 8 to 10 percent a year over the next few years," Liang Yonghuo, an analyst at Haitong International Research Ltd., told Reuters. Daimler holds a 12-percent stake in BAIC Motor following a EUR640-million agreement inked in November 2013.

The stake acquisition was designed to boost Daimler’s presence in China and secure a foothold before the BAIC Motors’ IPO. The listing could help finance the goal of BAIC Motors’ parent -- Beijing Automotive Group -- to join the ranks of SAIC Motor, Dongfeng Group and FAW Group as the Chinese government tries to consolidate the auto industry and create globally competitive companies.

Read the entire article BAIC Motor eyes to raise $2 billion from Hong Kong IPO

Chinese state-owned automaker BAIC Motor may be allowed by its foreign-based partner Mercedes-Benz to use the German automakers’ architectures in building its premium vehicles, according to parent company Daimler. Mercedes has fallen behind bigger rivals BMW and Audi in China. Mercedes intends to narrow this gap by purchasing a 12% stake in its local joint venture partner for 640 million euros ($822.3 million).

Last Thursday, Finance Chief Bodo Uebber said that the value of its stake will continue to increase every time that it gives support to BAIC. However, he clarified that there’s no final decision yet on whether BAIC can use components and platforms in the future. He also said that the company still has to determine which parts BAIC can use.

It would be a very unexpected move for BAIC to be permitted to use Mercedes-Benz’s entire vehicle platforms. This is actually a very tough decision. BAIC intends to join listed competitors Dongfeng Motor and Geely via its debut on the Hong Kong stock market, most probably in 2014, as soon as Daimler's deal to buy a stake has closed.

Read the entire article BAIC might be allowed by Mercedes-Benz to use its vehicle platforms

As part of Daimler’s bid to rise above its weakness in China (the world’s biggest auto market), it may make an investment in the passenger-car unit of its Chinese partner, BAIC Group, according to sources. Last Friday, a source said that when BAIC Motor is floated, Daimler may take a stake of 10 to 20%. It was also reported that the size of the stake depended on talks with its Chinese partner.

Last September, Xu Heyi, the chairman of state-controlled BAIC, informed Reuters that it hopes to list its passenger-car subsidiary, BAIC Motor, in 2013. The company is hoping to raise about 10 billion yuan ($1.6 billion). More sources said that BAIC Motor will be listed in Hong Kong in 2013, hitting a volume of at least $1 billion, while other sources warned that an initial public offering (IPO) may be put off until 2014.

They also claimed that the listing will be organized by Goldman Sachs and Morgan Stanley. It’s possible that a BAIC investment will help Daimler to get its struggling China business to recover. Daimler subsidiary Mercedes-Benz considers China to be its No. 3 market globally after Germany and the U.S., it still falls behind BMW and Audi in the country. Mercedes’ sluggish sales in China have caused it to fall to third place in the worldwide ranking. BMW is No. 1 while Audi is No. 2.

Read the entire article Daimler interested to buy a stake in the passenger-car unit of BAIC Group

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 production lines.

Chairman Xu Heyi of Beijing Auto confirmed this in an interview in the Chinese port city of Dalian, where he attended the World Economic Forum meetings. In June, Beijing Auto and Daimler inked a deal to invest 2 billion euros to manufacture four new models in China, construct a new R&D center and expand engine production.

The joint venture, called the Beijing Benz Automotive Co., currently produces around 80,000 C-class and "stretch" E-class sedans in China annually, says Autonews. Daimler revealed that it will boost production, but it did not disclose how much capacity it plans to add.

Read the entire article Daimler, BAIC seeking $2 billion in loans for new production lines and an engine factory

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 production, and construction of a new r&d center.

Daimler CEO Dieter Zetsche said through a written statement that this investment will enable Mercedes to expand its compact luxury car lineup.

Zetsche said that as early as 2020, sales in China will reach a proportion of at least one in five premium compact cars. Due to this potential, the company is “switching to attack mode” by locally producing its new compacts.

Read the entire article Daimler, BAIC to invest 2 billion euros for the production of four new models

The Saab 9-5 Sedan was named by the Insurance Institute for Highway Safety (IIHS) as one of its latest group of vehicles that got the Top Safety Pick Award this year. In fact, this model also took the highest rating, five stars, in the crash tests done by the European New Car Assessment Programme (Euro NCAP).

What the IIHS determined was that the 9-5 Sedan meets its strict safety requirements. It earned the highest rating in all four test categories and it features ESP.

Tests for front impact (offset) and side impact crashes are included in the categories it was tested for. To evaluate protection against whiplash injuries and to test the roof structure in the event that it rolls over, IIHS checked the seat/head restraints by simulating rear impact.

Read the entire article 2011 Saab 9-5 gets the Top Safety Pick Award from IIHS

In celebration of the 9-5 range, Saab is giving classic 9-5 owners the chance to revitalize their car at the same time as its launching of its most advanced car to date, the all-new Saab 9-5 Saloon, and as the arrival of the 9-5 SportWagon is expected later in 2011. The Saab 9-5 accessories promotion, which is available for 9-5 models dating back as far as 1998, will include body kits, engine tuning kits, alloy wheels, cargo items and more at great prices.

Saab vehicles as old as 13 years, known for their durability and longevity, are just as reliable as the current models.

Every Saab 9-5, whatever the age, can benefit from an investment in updated accessories. All 9-5 accessories (designed for optimum quality, functionality and performance) are genuine Saab parts and prices include fitting where needed.

Read the entire article Saab gives you the chance to upgrade your classic 9-5

Saab revealed today the all-new 2011 9-5 SportWagon and announced that the new car will make its official debut in March at the 2011 Geneva Motor Show. According to the manufacturer, the new car will feature an adaptable multi-fold floor, flexible U-rail load space configuration and under-floor stowage with a sealed wet storage compartment, while a programmable powered tailgate is available. As expected, the new model will offer the same engines as the sedan.

Moreover, the vehicle will offer Saab’s industry-leading XWD all-wheel-drive system and advanced features like Saab DriveSense adaptive chassis control, adaptive cruise control (late 2012), Bi-Xenon SmartBeam adaptive lighting, keyless entry and starting, tri-zone air conditioning and a Head-up Display which projects information, aircraft-style in the windshield.

Regarding the design, the 9-5 SportWagon shares the same front styling with the sedan model, but the rear end is extended by a deep rear spoiler integrated into the top of the tailgate. Furthermore, the new ultra-slim roof rails blend into the car’s svelte silhouette.

Read the entire article 2011 Geneva Motor Show Preview: 2011 Saab 9-5 SportWagon shows its rear end

After reports that the new 9-5 saloon was poorly received by a car magazine, Saab now aims to upgrade it and will start with instrument panel and other cabin parts by the summer. Saab is making the changes so that it can compete more closely with rivals from Audi, BMW and Mercedes-Benz.

According to Saab's global product boss Christopher McKinnon, the company is undertaking the improvements in response to criticisms from What Car? of its ride and handling.

The quality of parts is being improved as part of a top-to-bottom reassessment of the hundreds of component suppliers that stemmed from when Saab was still owned by General Motors.

Read the entire article Saab already working on improvements for its new 9-5 saloon

The 2010 Saab 9-5 will get its own hybrid version, the powertrain of which will not only cut fuel consumption and emissions but also supply a higher level of torque when accelerating.

Saab said that it intended to bring an extra boost to the car however specs have yet to be disclosed. According to Autocar, the car will have a 1.4-liter turbocharged unit that will be assisted by a small electric unit.

The addition of this hybrid version is indeed welcome especially in light of the green car sector's demand for all automakers to raise fuel efficient and cut emissions as much as possible.

Read the entire article 2010 Saab 9-5 Hybrid in the works

While the Saab 9-5 will be revealed at the Frankfurt Motor Show in September, Saab has launched a countdown site informing fans that the actual official launch will be done in less than 3 days.

Many have been waiting for the new version of the Saab 9-5, the current model of which still has the same basic mechanical underpinnings as the 1997 model.

A redesigned model had been slated to be released last year but it was pushed back due to limited resources at Saab and the introduction of the facelifted 9-3, not to mention the company's ownership issues.

Read the entire article Saab launches countdown site of the 2010 9-5 sedan

Marking a new era for Swedish firm Saab is the official launching of its new flagship 9-5 saloon, which the company claims will be the most technologically advanced car it has ever produced. Set to go on sale next year, the car also boasts to have "progressive Scandinavian design, sporty driving and responsible performance."

Inspiration for the car's styling comes from the Aero X concept car as well as from its aviation heritage. The car has a low, muscular stance and a dramatically styled wraparound glasshouse. The windshield and roof were inspired by its classic 900 model.

Simon Padian, Saab brand design chief, said the company is opting for a "fresh, very modern expression" to some of its classic brand design cues. It has visual themes found in recent concept cars, such as the Aero X, which are inspired by Scandinavian design and the brand's aircraft heritage.

Read the entire article Official: 2010 Saab 9-5

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 other parties and it doesn't appear likely that Beijing Automotive Industry Holding Corp., which has shown interest in the brand, will be successful.

China's automakers already dominate their home market but like BAIC, they want to quickly get to the global market. One of the fastest ways would be to snap up assets from troubled Western carmakers such as GM but it appears that it's not the easiest path to take. 

Generally, the Chinese produce low-end cars for its domestic market and they don't have the technology and management and marketing expertise to handle global brands.

Read the entire article BAIC shows its interest in Saab

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 spokeswoman Gunilla Gustavs did say that the money taken from the deal will finance the new Saab and "contribute to a good start under new ownership."

Gustavs asserted that Saab and its parent, General Motors Co., are actively searching for a buyer for the Swedish automaker. She said that the company is confident that a deal will be entered.

Read the entire article GM sells key Saab assets to BAIC in order to get some cash

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 cars will begin as early as 2011. BAIC, China's fifth-largest automaker, acquired the rights to vehicle platforms from Saab for an undisclosed amount.

There are unconfirmed reports that BAIC paid $197 million for the assets, which include the intellectual property and tooling for the current-generation Saab 9-5 and some IP from the 9-3.

The purchase, which was put together in just two weeks, comes after negotiations for Koenigsegg Group AB to buy the entire Saab had broken down.

Read the entire article BAIC wants to integrate immediately newly acquired Saab designs

If Spyker Cars NV does succeed in purchasing Saab from General Motors Co., it's expected that Saab will be rebuilt around the 9-3, 9-5 and 9-4X models, according to Spyker CEO Victor Muller who spoke with AOL Autos.

On the other hand, plans for a Saab 9-1 entry-level car would be put on hold. Under Spyker's ownership, Saab's headquarters, engineering and production will remain in Trollhattan, Sweden.

This facility will produce all Saab cars except the 9-4X, which will be made in GM's assembly plant in Ramos Arizpe, Mexico. Muller added that Saab will be launching the new 9-5 sedan this spring. Meanwhile, the 9-4X crossover, which shares mechanicals with the Cadillac SRX, would be introduced late next year or early in 2011.

Read the entire article If will buy Saab, Spyker will rebuild it around the 9-3, 9-5 and 9-4X models

Pricing information for Saab's all-new 9-5 saloon has been announced. The company is already accepting orders for the model, which is set to arrive in UK showrooms this summer. Prices start at GBP26,495 for the entry-level 163bhp 2.0 TiD diesel model. Saab started production of the 9-5 at Saab's Trollhattan HQ on March 23.

These are the first vehicles to be assembled under independent ownership after GM bought a controlling share in Saab in 1989. At the initial 9-5 launch program, two trim levels (Vector SE and Aero) are featured. Saab stated that the 163bhp 2.0TiD (priced at GBP26,495) and the 216bhp 2.0-litre turbo petrol model (GBP28,195) are immediately available.

But in Aero trim, only two petrol-engined models are immediately available -- a 216bhp 2.0-litre turbo (GBP31,195) and a 294bhp 2.8-litre V6 turbo (GBP37,995), which also gets Saab's torque-vectoring all wheel drive set-up.

Read the entire article 2010 Saab 9-5 U.K. prices revealed