Saab has been a hot potato for GM as of late. The company started a deal to sell the brand to a Swedish sports car manufacturer but it fell apart in the late innings, then there was discussion with the Swedish government that ultimately went nowhere, and now there is talk the Chinese may be buying some of the assets. GM Interim CEO Ed Whitacre has said that he’s open to trying to sell the division until the end of the year. After that it would simply be shut down.
The Chinese company BAIC is not interested in buying everything involved with Saab but is interested in tooling and technology. Apparently the plan is to produce an older generation of Saabs to be sold domestically in China. This news comes from an ABC news story.
There have been other interested parties looking to buy the entire operation from soup to nuts. There have been no specifics about who those people are and what they have been offered.
There are still 3,000 people in Sweden that work for Saab. We hope that they can keep their jobs despite the impending shake up.
