From AFP, with thanks to Zippy
STOCKHOLM — China’s Beijing Automotive Industry Holding Co. wants to invest in Saab after it failed to buy the Swedish car company, BAIC’s chief said in a newspaper interview published on Thursday.
“We have a durable interest in deepening our partnership with Saab and we are ready to invest in the company,” BAIC chief executive Wang Dazong told Swedish business daily Dagens Industri.
China’s fifth biggest car maker was one of the bidders to take over loss-making Saab from General Motors, but the US group dismissed BAIC’s bid and sold it to Dutch sports car maker Spyker Cars, Wang said.
Fine with me. Invest, but don’t buy.
If I was a Volvo fan I’d be darkening my underpants right now. Bt a partner relationship done the right way could bring great things for both companies.