One shouldn’t sleep in this blogging business……and I far preferred the situation where there was only one buyer to watch.
Beijing Automotive have apparently received approval for a loan equating to almost US$3billion from the Bank of China, which would put them in a pretty strong financial position in terms of making an offer to purchase Saab.
Money doesn’t seem to be a problem. Getting technology agreements from GM must still remain, however.
That doesn’t seem to deter the Chinese, though, who in a report from TTELA appear to be quite serious in their acquisition plans and committed to developing Saab.
No, Chinese BAIC Saab would not move to China, however, it is necessary to have production there also needed to avoid high import duties. And Saab has a strong potential in China. It says the vehicle operators in the Invest in Sweden Agency…..
….The data appeared in the media that BAIC would like to move the Saab production to China if they became owners think both he and Eddie Chen is a misconception.
– Are you supposed to produce vehicles in China you need to have production there for the market, the levy is so high that it can not compete with other brands otherwise. But that does not mean that you move production from Sweden, it is all about to start producing a new market for Saab, while keeping the old, “says Stefan Östling.
There is also some discussion about fears for patent rights, etc, which I’m not sure that Mr Östling treats in the same genuine manner.
And discussions on the BAIC and other Chinese manufacturers do not care about patent rights and it would be a problem in a sale.
– It was the same view on Japan and Korea when they grew to large industrial nations. But they belongs to the main now. It’s probably because the Chinese companies is still relatively unknown in the West.
Well, that might have something to do with Japanese an Korean companies building their own vehicles and improving their own vehicles over a period of time.
China’s demonstrated a big appetite for acquisition and just flat-out copying of other people’s designs. That suspicion is not without reason.
Personally, I retain my position being happy to see BAIC as a minority partner in an ownership scenario, but not as a sole owner of Saab.