Saab remains optimistic a buyer can be found for the whole company in the face of indications its owner, General Motors, is talking to China’s BAIC about a partial sale of assets tied to the Swedish brand.
Beijing Automotive Industry Holding Group has made clear it has no interest in acquiring Saab’s production hub in Trollhattan, Sweden, two sources said.
A move by BAIC to acquire tools and technology for an older generation of Saab cars for production in China could result in a liquidation of other assets held by the long-established brand, threatening more than 3,000 Saab jobs in Sweden.
– (Reuters)
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