GM strikes Saab deal with China’s BAIC

GENERAL Motors has sold a number of significant assets of its Saab brand to Beijing Automotive Industry Holdings Co (BAIC), including certain 9-3 and current 9-5 and powertrain technology.

The deal, which comes three weeks after the Koenigsegg Group opted out of a deal to purchase Saab from GM, makes no mention of models close to production, such as the new-generation 9-5.

In a statement, GM said current 9-5 tooling will move to China where it will be used to make BAIC vehicles. Saab will also assist BAIC integrate the technology into BAIC vehicles.

“This arrangement is excellent for both parties, now and for the future,” said Saab Automobile managing director Jan Ake Jonsson.

“We have developed a good relationship with BAIC and look forward to working with them to integrate this Saab technology into their future vehicles.”