Monday, December 14, 2009

Beijing Autos to buy Saab car, engine technology

 Saab Purchased

Beijing Autos, also known as BAIC, said it plans to buy the rights to some powertrain technology for Saab's 9-5 and 9-3 sedans, including engine and gearbox knowhow.

The production equipment used to make the 9-5 will be moved to China to produce BAIC cars, and Saab will help integrate the technology into the Chinese company's vehicles, the two sides said.

Click on the following for more details:  Beijing Autos to buy Saab car, engine technology - Yahoo! Finance

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