Saab provide more information on the BAIC deal

Magnus Nordberg at TTELA has dug a little deeper into the sale of Saab technology to BAIC and as we presumed, it’s all gravy and all good for Saab. The deal will not only provide a one-off cash injection, but will likely keep Saab and BAIC working together for some time.

The highlights, via Googletrans:

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– We have talked to our potential buyers who think this is a good approach, “says Mats Fägerhag, which was the main person at Saab to bring together the deal with the Chinese.

Work has been going on since Week 37 and from the beginning it was conceived as a joint venture with Koenigsegg Group. When the group withdrew [from the Saab deal] Saab and BAIC continued the discussions, which have now led to this Agreement.

Purchase rights

The agreement means that BAIC will buy production tools to the old Saab 9-5, and technology from both 9-5 and 9-3.

– You buy drawings and technical documents with rights to build cars in China, says Fägerhag, and continues:

– But they will not copy the cars. They should make their own cars, adapted for the local market, based on 9-5 and 9-3 of the model year -04.

Although these [models] are a few years old, the cars are models with high crashworthiness and technology that stands up well in China. And potential in the Chinese market is huge……

Creates jobs

…..I guess we will have people in place permanently in China, and that they will bring a job with us here, “says Fägerhag, who has already scheduled a China trip.

– I go myself over in January along with some others.

He points out that Trollhättans development center is an asset to the BAIC, but what the exact details of cooperation will look like is still too early to tell.

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Thanks to SR in comments!

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