Saab Equipment to China?
According to press reports, General Motors is preparing to move the technology for Saab’s new model 9-5 to China.
Equipment from a factory in Rüsselsheim, Germany is reportedly going to be used to build a new Buick model.
The transfer is to start on January 15, unless GM decides to sell Saab before then.
Last month the Chinese automaker BAIC Beijing confirmed the acquisition of production rights and machinery for SAAB’s 9-3 and 9-5 models.
At least four buy-outs for Saab are on the table, but GM has already begun liquidation procedures for its Swedish-based division. Some experts say the American auto giant really doesn’t want to sell Saab, as that would create a competitor to GM’s Opel, with which it shares a platform.
GM says that starting liquidation does not preclude sell off Saab if there is “a serious offer from a trustworthy bidder”.
On Saturday Jöran Hägglund, state secretary at the Swedish Ministry of Enterprise, travelled to Michigan for talks with the management of GM, and Volvo’s owner Ford.