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People Daily (Free subscription) | yesterday
China's BAIC, part of a group that abandoned its bid to buy General Motors' Saab unit, could still bid for some Saab assets on its own but is unlikely to try for the whole company, analysts said. Beijing Automotive Industry Holding Corp (BAIC) must decide its next move after its consortium, led by tiny Swedish luxury car maker Koenigsegg, pulled out of talks to buy Saab, putting...
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Autocar (Free subscription) | 25/11/2009
Is Beijing the new Trollhatten? And does Hyundai really hold the key to the future of Saab? These are just two of the questions I’m left pondering following yesterday’s news that Koenigsegg Group had backed out of an agreement to purchase Saab from General Motors. Saab sale 'still possible' The Beijing connection comes by way of Beijing Automotive Industry Holding Corp...
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Gasgoo.com (Free subscription) | 25/11/2009
Shanghai, November 25 (Gasgoo.com) Beijing Automotive Industry Holding Corp (BAIC) said today that it will "cautiously re-evaluate" General Motors' Saab brand deal after co-bidder Swedish automaker Koennigsegg pulled out of talks to buy Saab, Dow Jones reported.
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Gasgoo.com (Free subscription) | yesterday
China's automakers may dominate their home market, now the world's largest, but the collapse of the sale of Saab to a Chinese-backed group shows it will be a bumpy ride for them to build a global profile.Beijing Automotive Industry Holding Corp (BAIC) ranks 10th among China's automakers, who are looking for a short cut to the global market by snapping up assets from distressed...
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China Car Times (Free subscription) | yesterday
... group shows it will be a bumpy ride for them to build a global profile. Beijing Automotive Industry Holding Corp (BAIC) ranks 10th among China’s automakers, who are looking for a short cut to the global market by snapping up assets from distressed Western giants such as General Motors. The Chinese generally churn out low-end cars for the booming domestic market and lack the...
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The Business Insider (Free subscription) | 24/11/2009
Beijing Automotive Industry Holding Corp. (BAIC) and German partner Daimler AG are boasting a new electirc car to compete with Chinese electric car rivals BYD and Chery. AllCarsElectric.com : The BE701 is a four door sedan capable of reaching 124 miles on a single charge, with a top speed of 100 mph. BAIC has not yet revealed a mass-production schedule for the BE701, but has unveiled...
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All Cars Electric (Free subscription) | 23/11/2009
Beijing Automotive Industry Holding Corp. (BAIC),which is currently operating in partnership with German car-giant Daimler AG, has unveiled a new electric car aimed at carving some of the domestic electric car market away from Chinese rivals BYD and Chery. The BE701 is a four door sedan capable of reaching 124 miles on a single charge, with a top...
