IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Thursday, January 12, 2012

Chinese BAIC can stop current Saab 9-3 from production

This sounds like something from a bad soap opera...

TTELA reports that Chinese Beijing Automotive (BAIC), which in 2009 bought the right to the old Saab 9-5 and the pre-2006 Saab 9-3, can now stop a production restart of the current Saab 9-3.

At the moment there is no further information on why BAIC needs to approve a restart of the Saab 9-3 production, but one can assume that the agreement from 2009, when BAIC bought the rights to the Saab 9-3 technology, says that no one other than BAIC and Spyker-Saab are allowed to produce the car. And so if some else other than Spyker takes ownership of Saab, an approval from BAIC is needed.

If this is true, then any company interested in acquiring Saab and continue producing Saab cars needs the approval from at least General Motors (to get access to the Saab 9-5 and 9-4X technology and partly Saab 9-3 technology), the aerospace and defense company Saab AB (to be allowed to use the brand name Saab and the Gripen logo) and BAIC (to be allowed to produce the Saab 9-3).

In other words, the glimmer of hope for a happen ending for Saab is seriously starting to fade.