Report: BAIC paid $197 million for Saab assets, enough to keep Saab running for 3 months
General Motors announced yesterday that it will sell Beijing Automotive Industry Holdings Co. Ltd (BAIC) of certain Saab 9-3, current 9-5 and powertrain technology and tooling. It said that Saab will assist BAIC to integrate this technology into future vehicles produced by BAIC. According to a report by Dagens Industri, BAIC paid $197 million to [...]
