BAIC buys Saab assets from GM
By Li Fangfang and Alexandra Leyton Espinoza | China Daily | Updated: 2009-12-15 08:08
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Visitors checking out a Saab vehicle at the Shanghai Auto Show in April this year. The Swedish brand is selling some of its assets to the Chinese car maker as part of a deal reached yesterday. An Xin |
Beijing Automotive Industry Holdings Co Ltd (BAIC), China's fifth largest automaker, said yesterday it has agreed to take over some of the assets of General Motor's Saab arm as part of its plans to develop cars under its umbrella.
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