Thursday, January 21, 2010
China's Beijing Auto Wants to Buy Previous Saab 9-5 Tooling and Design Rights
As the saying goes, another man's trash, well you know the rest... Citing unnamed sources, UK's Autocar magazine is reporting that China's Beijing Automotive Industry Corporation (BAIC) is interested in buying the tooling and design rights to the outgoing Saab 9-5 that is to be replaced by an all-new model in 2010. The report does not clarify if BAIC wants to start production of the previous Saab 9-5 in China as is or if the company will perform a light makeover (another word for changing badges...) as was the case with China's SAIC and the Rover 75.
And if you're wondering what's the deal between state-run BAIC and Saab, the Chinese company recently took a minority stake in Swedish supercar maker Koenigsegg, which is planning to take over Saab from General Motors. The two involved parties have yet to finalize the deal.