Saab Sell 9-3 Tech, 9-5 Model & Powertrain To BAIC

Posted on 14. Dec, 2009 by Ryan in 2000-2009, 9-5

Photo Credit: Saab Automobile AB

This just in from Saab Automobile as posted on their Newsroom website

According to Saab’s Press Officer, Gunilla Gustavs “This deal for “certain” technology for the current 9-3 model line, and not for the 9-3 model itself, the current 9-5 model as well as some powertrain technology were sold to BAIC”

This is good to know, because it initially appeared that it was the 9-3 model which is incorrect, the only model being sold is the current 9-5.

it is important to know that the deal itself has no bearing on Saab’s sale process nor does it have anything do with the Saab brand. The vehicles and technology will end up with BAIC and will not have any reference or connection to Saab once acquired.

The price for the transaction was not mentioned nor was it not provided when requested as it was confidential.

Saab Automobile and Beijing Automotive reach milestone in technology cooperation

December 14 2009, 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 Jonsson, Managing Director of Saab Automobile said: “This arrangement is excellent for both parties, now and for the future. We have developed a good relationship with BAIC and look forward to working with them to integrate this Saab technology into their future vehicles.”

• Saab closed on a sale of certain Saab 9-3, current 9-5 and Powertrain technology to BAIC

• Current 9-5 tooling will move to China where it will be used to make BAIC vehicles

• Saab will assist BAIC in integrating this technology into BAIC vehicles

Tags: Beijing Automotive Industry Holdings Co. Ltd, China, Gunilla Gustavs, Jan Åke Jonsson, managing director, powertrain technology, press officer, saab 9-3, Saab Automobile AB, technology cooperation