Why are Beijing Autos choosing to buy Saab car technology?
Beijing Autos to buy Saab car, engine technology from General Motors By The Associated Press December 14, 2009, 9:04AM saab-hood-logo.jpgAP Photo Beijing Autos has agreed to buy technology from GM’s Saab Automobile, a breakthrough for the Chinese automaker that could clear the way for General Motors Co. to sell the rest of Saab to another buyer. An announcement Monday from state-owned Beijing Automotive Industry Holdings gave no details about the cost or timing of the acquisition of car and engine technology. Beijing Autos, also known as BAIC, said it plans to buy the rights to some powertrain technology for Saab’s 9-5 and 9-3 sedans, including engine and gearbox knowhow. The production equipment used to make the 9-5 will be moved to China to produce BAIC cars, and Saab will help integrate the technology into the Chinese company’s vehicles, the two sides said. RELATED CONTENT • Chinese car market overtakes that of United States • Could a Chinese automaker buy General Motors? Experts th
Beijing Autos has agreed to buy technology from GM’s Saab Automobile, a breakthrough for the Chinese automaker that could clear the way for General Motors Co. to sell the rest of Saab to another buyer. An announcement Monday from state-owned Beijing Automotive Industry Holdings gave no details about the cost or timing of the acquisition of car and engine technology. Beijing Autos, also known as BAIC, said it plans to buy the rights to some powertrain technology for Saab’s 9-5 and 9-3 sedans, including engine and gearbox knowhow. The production equipment used to make the 9-5 will be moved to China to produce BAIC cars, and Saab will help integrate the technology into the Chinese company’s vehicles, the two sides said. Saab will also support Beijing Auto’s efforts to build its own car brands, using the Saab technology, said the announcement. “This arrangement is excellent for both parties, now and for the future. We have developed a good relationship with BAIC and look forward to working
