GM Sells Parts of Saab to … China
December 14, 2009 at 9:44 PM Leave a comment
General Motors has reached an agreement to sell off part of its struggling Saab division to China’s Beijing Auto (BAIC). The deal would see BAIC take control of Saab’s rights assets and tooling assets of the past 9-5 and 9-3 models in order to build those vehicles in China.
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An unnamed Saab official quoted by the New York Times said that this sale, “would be good for Sweden, good for China and good for Saab.”
But good for the U.S.? No.
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