Thursday, December 24, 2009

REPORT: BAIC paid just $200 million for Saab technology



So, what's a 2009 Saab 9-5 worth to you? A more appropriate question may be, What's the 2009 Saab 9-5 worth to you? What about the previous-generation of the Saab 9-3? Apparently, those digit container platforms (plus one more uncharted platform) along with "two engine technologies and digit sending systems" were worth about $200 meg to Asiatic maker BAIC.

It would seem that BAIC got quite a lot for its relatively small assets of money, as both the senior 9-3 and 9-5 are ease perfectly fixable automobiles that should earmark the Asiatic maker to vastly process the quality of its own offerings in brief order. BAIC Chairman Xu Heyi reportedly said that "the acquire of Saab's highbrowed property can support revilement brief the utilization instance for Beijing Auto's own-brand passenger vehicles by 4 to 5 years."

Xu went on to exposit an enterprising plan to delude 100,000 BAIC-branded cars (no uncertainty relying heavily on Saab technology) in 2011. To invoke that content into reality, BAIC says it will have a production artefact ready by 2011 with enough power to physique 150,000 vehicles per year.

[Source: Reuters]

Filed under: Convertible, Sedan, Wagon, China, Plants/Manufacturing, Technology, Hatchback, Saab, Earnings/Financials

Tags: BAIC, baic saab, baic saab tooling, BaicSaab, BaicSaabTooling, Saab, saab 9-3, saab 9-5, Saab9-3, Saab9-5



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