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Re: Beijing Auto acquires stake in Koenigsegg

Beijing Auto Mulling Production of Saab cars
From Global Times:
Beijing Automotive Industry Holding Co. (BAIC) is mulling local production of Saab brand cars in China, media reported yesterday, citing an insider of the company.
A group headed by Swedish sports car manufacturer Koenigsegg is acquiring Saab from General Motors, and earlier this month Beijing Auto struck a deal to take a minority stake in Koenigsegg and help the latter close the funding gap it needed to buy Saab.
Speaking to reporters in Frankfurt last week, Saab CEO Jan-Ake Jonsson has also disclosed the intention to have local production in China, saying that his company plans to double its dealer number from about 15 to 30 in the country.
"Beijing Automotive is an opportunity for us to establish ourselves in the Chinese market with their experience," Jonsson said, but it will need to revive sales before spending money to add manufacturing capacity in China.
Saab cars are imported into China and sold through the sales network of Shanghai GM, but as the sales via GM's China JV has achieved only limited success, Saab may need to rely on Beijing Auto to gain customers in the world's largest auto market, said a top executive of Koenigsegg.
As its sales contract with GM partner SAIC Motor will expire soon, Saab is seeking new partners in China. Beijing Auto has said that his company hopes to form an alliance with Saab just like Renault-Nissan.
 

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Re: Beijing Auto acquires stake in Koenigsegg

BAW to put Saab 9-5 into production
From China Car Times:
According to media reports, BAIC the company which bought SAAB with the Swedish car maker Koenigsegg are planning to take the last generation Saab 9-5 and produce it here in China once the latest one has been launched in Europe around April next year.

Information on the production of the last generation Saab 9-5 is currently thin on the ground, but should it go ahead the 9-5 could be under BAIC’s own Beijing Auto Works brand, or it could be the start of a major expansion of Saab China.
I think this is interesting because the old Saabs used technology that GM didn't want. Also, the old 9-5 had lots of problems in terms of the transmission and eletronics.
The old 9-5 had problems such as:
-Transmission jams, especially with the automatic models which would sometimes jam in park
-Electrical malfunctions

Still, I think this is the lesser of two evils, considering they are inheriting problems the old 9-5 had rather than the problems being attributed with the stigma of Chinese build quality which BAW doesn't need.
 

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BAW to put Saab models on sale next year

Why won't you just DIE!!??? (referring to hideously dated 9-5)
From China Car Times:
Late last year it was announced that Beijing Automotive Works (BAW) had purchased several models from Saab’s owners, GM, the IPR fire sale included three platforms and two turbo assisted engines from Saab, in 2011 BAW is planning to get its own ‘Baw-aab‘ out into dealerships across China.

BAW reportedly signed up a team of Saab engineers within 30 days of completing the purchas to work with BAW towards the goal of getting their own BAW branded Saab vehicle off the drawing board and into the factory in early 2011.

From what we have learned, the cooperation is not only just for understanding technology, the Saab team are also expected to advise on the factory designed also production methods. The real work for the Saab team is explaining the ECU and other high end tech works.

This year BAW are planning to produce 1.5 million cars, and aim for an income of 15 billion RMB. We might be able to see a new Baw-aab at this years Beijing Auto Show in April, if not then BAW will be eager to show off new engines, and gearboxes.
 
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