BAIC Buys Saab 9-5 Tooling

A few days ago I captured some news from Swedish that Beijing Auto (BAIC) is buying Saab’s now to be replaced 9-5 technology. Even though the Koenigsegg-Saab deal fell apart, and BAIC were a part of the investor group, the Chinese has not given up the idea to build Saabs in China. At the time I couldn’t find any other reports on this, and wondered wether Aftonbladet had done some creative journalism, but yesterday, reported the same news, citing their own sources. They’ve even confronted Saab’s spokesperson Gunilla Gustavs, but of course she can not, will not comment on that.

According to the Swedish newssites, BAIC’s technicians never left Trollhättan after the deal broke down. BAIC’s plans are to buy the manufacturing equipment for the current 9-5 (which have just been dismanteled in the Trollhättan factory) and also aquire the equipment for the cast-iron Södertälje engines sitting in the 9-5 and old 9-3, and then to build 9-5s in Beijing. Allegedly, BAIC have agreed to pay SEK 1 billion, of the three billion they had put in the Konigsegg Group pot, for this deal. states Saabsunited and aftonbladet’s own sources within Saab as sources for this information.The 9-5s will be built in BAIC’s factory in Beijing, and sold as Beijing or Great Wall – not as Saabs. BAIC has also expressed interest in using the remaining SEK 2 Billion to invest in future Saab models, and are open to partnership with other interested buyers of Saab, like Spyker, or Renco Group, which reportedly are interested in stepping into the broken deal (under the right circumstances, of course).

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  • Littlehulkster Littlehulkster on Dec 05, 2009

    I didn't read the article OR the discussion, I just wanted to say that the black haired lady in the beginning of the video was pretty hot. I'd let her torquesteer into my tree any day.

  • Norma Norma on Dec 07, 2009

    Wasn't the old Saab 9-5 derived from Opel Vectra? If so, shouldn't GM have a say on such transaction?

  • DweezilSFV GM. Still trying to make OnStar happen.And still the answer to a question no one ever asked.
  • Corey Lewis Look, here's the voice warning record player!
  • Buickman as Donnie Brosco said... Forget about it.
  • Theflyersfan I remember this era had Camrys and Accords getting thicker on the ground, but I don't recall seeing many Maximas of this generation. At least with my fuzzy recollection of the mid-80s (I was about 10), it took the next generation before seeing more of them on the roads.But the car TALKED. And especially seeing that the only other talking car you knew of was KITT, it was cool as crap to sit in a real talking car. Now we can't get our nav systems and Android Auto to shut the hell up without going through menu after submenu after settings change.
  • Rolandoblomblando I’ve stopped reading Matt Posky articles because of how cynical and ignorant they often are. When I read this headline though I just couldn’t help myself. I mean, really?!Here’s some economics 101 Matt:Demand HIGHSupply LOWmeans price INCREASESSeriously man, this isn’t complicated.