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- BAIC buys Saab assets from General Motors
- Beijing Automotive Industry Holding Co announced on Monday that it had acquired some of the assets of General Motors' Saab unit.The Chinese carmaker has struck a deal to buy production equipment and intellectual property related to two older Saab models ? the 9-5 and 9-3. According to new agencies,...
- News items 2009-12-14
- Beijing Auto Says "stay Tuned" on GM's Saab
- By Simon RabinovitchNANJING, China (Reuters) - Beijing Automotive Industry Holding Corp BAIC might still be interested in buying General Motors' Saab unit, according to the Chinese car company's general manager.Asked by reporters on Monday whether BAIC would consider approaching Saab as a solo buyer or only as a part of...
- News items 2009-11-29
- GM to Consider Saab Sale Until Year End
- By David BaileyDETROIT (Reuters UK) - General Motors Co said on Tuesday that it would consider offers for its Saab brand until the end of the month and move to close the Swedish unit then if it appears that it cannot be sold.The announcement from GM came after a meeting...
- News items 2009-12-01
Additional Resources
- Saab Assets Sold To China's BAIC
- THE PAINFUL SALE of a struggling Saab has taken another step forward with General Motors confirming that China's BAIC Beijing Automotive Industry Holding Company has acquired the tooling and rights to the current model 9-3 and 9-5. BAIC will also receive access to some of Saab's powertrain technology for use in future...
- News items 2009-12-15
- BAIC Says Man Accused of Trade Theft on Leave in U.S.
- SHANGHAI (Reuters) - A Chinese national accused of stealing trade secrets from Ford Motor Co was employed by Beijing Automotive Industry Holding Corp BAIC, China's fifth-biggest automaker, but was in the United States on personal leave when he was arrested, BAIC said Monday. BAIC issued a statement saying the employee,...
- News items 2009-10-19
- GM close to selling Saab assets to BAIC
- General Motors is closing in on a deal to sell assets from its Saab unit to Beijing Automotive Industry Holding Co while continuing separate talks with other potential bidders over the remainder of the Swedish carmaker.BAIC has struck a tentative agreement with GM to buy production equipment and intellectual...
- External links 2009-12-13
- DAIMLERCHRYSLER AND BAIC TO MAKE BENZ
- AsiaInfo Services 05-10-2004 DaimlerChrysler and BAIC to Make Benz BEIJING, May 10, 2004 SinoCast via COMTEX -- DaimlerChrysler, a big car manufacturer of Germany, and Beijing Automotive Industry Holding Company Ltd BAIC will launch the pro AsiaInfo Services ...
- Research articles 2004-05-10
- BAIC, DAIMLERCHRYSLER REACH DEAL ON INCREASING INVESTMENT
- AsiaInfo Services 12-01-2004 BAIC, DaimlerChrysler Reach Deal on Increasing Investment BEIJING, Dec 01, 2004 SinoCast via COMTEX -- Beijing Automotive Industry Holding Company BAIC signed a contract with DaimlerChrysler on increasing invest AsiaInfo Services 12-01-2004 ...
- Research articles 2004-12-01
- THE COOPERATION BETWEEN BAIC AND HYUNDAI
- AsiaInfo Services 01-03-2002 The Cooperation Between BAIC and Hyundai CHINA, Jan 03, 2002 AsiaPort via COMTEX -- lately, Beijing Automobile Industry Corp. is negotiating with Korean Hyundai on their cooperation, which is that the two parties AsiaInfo Services ...
- Research articles 2002-01-03
- Hope for a Saab rescue deal recedes
- Sweden's government has admitted time is running out to save Saab Automobile from liquidation after the collapse of a rescue deal for the lossmaking carmaker. While General Motors could still find a buyer for Saab, analysts and company insiders said the likeliest scenario now was that the 60-year-old carmaker would...
- News items 2009-11-25
- General Motors Sells Saab Automotive Technology to Chinese
- Announcement from General Motors: Trollhättan - Saab Automobile AB announced today that it had 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.Jan Åke...
- News items 2009-12-14
- Saab in 11th-hour talks with GM to avert its closure
- Saab and Swedish government officials travelled to Detroit yesterday for talks with General Motors over last-minute options to save the brand from closure. This came as Beijing Automotive Industry Holding Co BAIC, part of a bidding group for Saab that collapsed last week, held talks at the carmaker's Trollhattan headquarters...
- News items 2009-12-01
- BEIJING HYUNDAI TO DEBUT PROPRIETARY CAR BRAND
- AsiaInfo Services 04-25-2007 Beijing Hyundai to Debut Proprietary Car Brand BEIJING, Apr 25, 2007 SinoCast via COMTEX -- Beijing Automotive Industry Holding Company BAIC will start overall listing in 2007, disclosed Xu Heyi, chairman of BAI AsiaInfo Services ...
- Research articles 2007-04-25
- Koenigsegg Pulls Out of Deal to Buy Saab
- By Nick Vinocur and Johannes HellstromSTOCKHOLM (Reuters UK) - Tiny Swedish luxury carmaker Koenigsegg has pulled out of talks to buy Saab Automobile, putting in doubt the future of General Motors' loss-making unit.Saab, which has made cars in Trollhattan, southwest Sweden, since 1949, employs 3,400 people, while thousands more jobs...
- News items 2009-11-24
- GM Grapples With Saab, Opel Futures
- By Johan Sennero and Angelika GruberSTOCKHOLM/WIESBADEN (Reuters) - General Motors GM was grappling with the future of two European units on Wednesday, seeking options for Saab after a sale collapsed and preparing to show unions its Opel restructuring plan.The U.S. automaker, which emerged from bankruptcy in July after falling victim...
- News items 2009-11-25
- Germany Takes Brunt of Opel Job Cuts
- By Angelika Gruber and Johan SenneroRUESSELSHEIM/STOCKHOLM (Reuters UK) - General Motors targeted Germany on Wednesday for the bulk of 9,000 planned job cuts at European arm Opel, turning the tables on the country that lobbied hardest for an Opel sale to Canada's Magna.At the same, the U.S. automaker cast around...
- News items 2009-11-25
- Beijing Auto / Saab
- "Stay tuned," Wang Dazong, chief executive of Beijing Automotive Industry Holding Corp, told reporters on Monday. "We want to move fast." BAIC, which was to take a minority stake in General Motors' loss-making Saab unit in return for funding a bid from Koenigsegg, is now in talks with GM about...
- News items 2009-11-30
- Beijing Auto / Saab
- "Stay tuned," Wang Dazong, chief executive of Beijing Automotive Industry Holding Corp, told reporters on Monday. "We want to move fast." BAIC, which was to take a minority stake in General Motors' loss-making Saab unit in return for funding a bid from Koenigsegg, is now in talks with GM...
- External links 2009-11-30
- Decision time looming for Saab brand
- General Motors said it would start to wind down its 60-year-old Saab car brand next month if it failed to find a suitable buyer by the end of the year.GM said its board had received expressions of interest in the lossmaking Swedish brand since the collapse of a bid...
- External links 2009-12-01
- A.M. Best Downgrades Ratings of Business Alliance Insurance Company; Removes From Under Review
- OLDWICK, N.J. -- A.M. Best Co. has downgraded the financial strength rating to B Fair from B++ Good and issuer credit rating to "bb" from "bbb" of Business Alliance Insurance Company BAIC (San Bruno, CA). The ratings have been removed from under review with negative implications and assigned a negative...
- Research articles 2007-12-14
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