A potential beginning of Saab cars production in the Chinese territory. Beijing Automotive, alias for BAIC, apparently might start, in the country, local production of cars from, thanks mainly to the Koenigsegg Group deal.
Jan-Ake Jonsson - Saab CEO said at the Auto Show in Frankfurt according to gasgoo.com. 'Beijing Automotive is an opportunity for us to establish ourselves in the Chinese market with their experience'. Saab's CEO unveiled also that the Swedish builder with the intention of doubling the Chinese dealerships number from 15 to 30.
BAIC became a Koenigsegg Group minority shareholder who will of course continue owning 100 % of SAAB.
CEO of Koenigsegg Group AB - Christian von Koenigsegg said 'This is an important step on the road to a new SAAB Automobile. We have a solid business plan, an important partnership and we are now in a position to go ahead without any governmental financing'.
Koenigsegg is continuing the take over of SAAB, the Swedish builder does not need other European Investment Bank funds.
Joran Hagglund - State Secretary added 'Koenigsegg no longer needs any extra loan from the Swedish state but can handle the financing with the help of GM and new investors. They have presented us with a plan ... we will look at it from our side and decide how credible it is'.
|Saab stalls production until August 29th|
|Saab is not letting go|
|Saab Automobile still has problems with the sales|
|Saab is doing everything it can to avoid bankruptcy|
|Saab 9-5 Online Configurator available|
|2010 Saab 9-5 production to restart, bidding deadline dropped|
|Saab 9-4X at the Detroit Auto Show in 2008|
|GM waiting for new Saab offers until end of the year|
|Saab Brings the 9-3 ePower EV to Paris|
|Saab vehicles return|
|Saab Turbo X|
|Saab 9-4X Crossover|
|Saab 9-3 Convertible 25th Anniversary Special Edition|
|Saab 9-3 Convertible BioPower|
|Saab BioPower 100|
|Latest||Cars & News|
|2018 Buick Enclave review|
|2017 Ford F-250 XLT Super Duty review|
|2015 Audi A8 L Chauffeur review|
|2015 McLaren P1 by MSO review|
|2015 Mercedes-Benz S63 AMG Coupe review|
|2020 Porsche Macan GTS comes to fill Macan S and Macan Turbo range|
|Suzuki Jimny is set to get competition from Jeep|
|Toyota Highlander will be available in petrol only or hybrid powertrain|
|Skoda Rapid facelift was unveiled in Russia|
|McLaren 620R is the limited edition street version of the 570S GT4|