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BAIC buys 3 Saab platforms and 2 Turbo engines
From China Car Times:
From China Car Times:
Both foreign and domestic Chinese media reports this afternoon indicated that BAIC has successfully purchase two platforms and two turbo powered engines from bankrupt car maker Saab.
The Chinese media are reporting that the Saab 9-3 and Saab 9-5 have been snapped up by Beijing Automotive Industry Corporation, turbo assisted engines as well as gearboxes and various pieces of IPR have been included in GM’s firesale.
At various automotive shows in 2009 and 2008 BAIC has shown off an impressive range of concept cars that it plans to put into production within the next few years, now that it has easy access to a range of platforms, engines, and gearboxes it may be able to skip a massive step in its R&D process. The 9-3 and 9-5 are expected to be produced in China under the Beijing Auto brand.
However, the Saab saga doesn’t end here, other media outlets are reporting that a further fight maybe on for the rights to the rest of the Saab. SAIC are reportedly interested in entering the fray, they may even be granted favored status by their JV partner and Saab owner GM