A report in a Swedish business journal, Dagens Industri, picked up by Automotive News, claims Beijing Automotive (BAIC) paid $197 million (1.4 billion Swedish krona) to acquire current-generation 9-5 (and select 9-3) technology and tooling.
This sum is enough to [...]
GM's Swedish subsidiary will help Chinese buyers integrate Saab technology into future BAIC vehicles. [...] 
Updated
The Chinese automaker Beijing Automotive (BAIC) has purchased the rights to the current Saab 9-5 (pictured above, not the redesigned sedan that debuted in Frankfurt) and "certain" Saab 9-3 components, along with the tooling needed to build them, GM and Saab said in a statement this [...]
Saab Automobile AB has closed on the sale to Beijing Automotive Industry Holdings Co. Ltd (BAIC) of certain Saab 9-3, current 9-5 and powertrain technology and tooling. Saab will assist BAIC to integrate this technology into future BAIC vehicles.
This arrangement is excellent for both parties, now and for the [...]
From the Wall Street Journal
General Motors Co's (GM) Saab Automobile AB unit Monday confirmed it has closed on the sale of certain assets, including intellectual property for two sedans and equipment to produce those cars, to China's Beijing Automotive Industry Holdings Co. ("BAIC").
General Motors confirmed Monday morning it had reached an agreement with Beijing Automotive Industry Holdings Co., Ltd. to sell some Saab assets to the Chinese automaker.
Meantime, talks with potential bidders to buy the rest of the Swedish automaker continue. The deal [...]
When Saab's sale to Koenigsegg flamed out in late November, many presumed it was the end of the line for the brand, much as Penske's withdrawal spelled the end for Saturn. It now looks like those pessimists may not have been far from the mark but there is [...] 
Chinese media reports say Shanghai Auto, Beijing Auto and Geely are all interested in a piece of GM's moribund Swedish brand. [...] 
Reports from Europe late on Monday indicate General Motors Co. and China's Beijing Automotive Industry Corp. (BAIC) may be edging closer to a deal that will transfer some of Saab's hard assets to BAIC -- but also appears to set the stage [...]
Filed under: China, GM, Saab, Earnings/Financials, Koenigsegg
