REPORT: GM could sell some Saab assets to Chinese; brand has through year's end to find buyer
 

<p>Filed under: <a href="http://www.autoblog.com/category/china/" rel="tag">China</a>, <a href="http://www.autoblog.com/category/plants-manufacturing/" rel="tag">Plants/Manufacturing</a>, <a href="http://www.autoblog.com/category/gm/" rel="tag">GM</a>, <a href="http://www.autoblog.com/category/saab/" rel="tag">Saab</a>, <a href="http://www.autoblog.com/category/earnings-financials/" rel="tag">Earnings/Financials</a></p><a href="http://www.detnews.com/article/20091201/AUTO01/912010420/1148/rss25"><img vspace="4" hspace="0" border="0" src="http://www.blogcdn.com/www.autoblog.com/media/2009/12/saab-badge.jpg" alt="" /></a><br /> <br /> General Motors' Saab brand has been given a one month stay of execution as the Detroit, MI-based automaker has announced that it will hold off on a decision regarding the brand's fate until the end of the year. GM's apparent non-decision comes just one week after it announced that Swedish specialty car maker Koenigsegg <a href="http://www.autoblog.com/2009/11/24/breaking-koenigsegg-backs-out-of-saab-purchase-brand-future-up/">unexpectedly pulled out</a> of the running for Saab. <br /> <br /> While GM isn't commenting on any potential suitors at this time due to non-disclosure agreements with the parties involved, speculation is that Beijing Automotive Industry Holding Co. and Wyoming-based Merbanco Inc are in the running for the struggling Swedish automaker. BAIC appears to make some sense considering the Chinese automaker's desire to enter the U.S. market and the fact that it was also involved in a bid to purchase Opel from GM earlier in the fall.<br /> <br /> Beijing Auto was also reportedly involved in the original Koenigsegg deal, which fell apart for reasons we may never know. GM said in a brief statement (<a href="http://www.autoblog.com/2009/12/01/report-gm-could-sell-some-saab-assets-to-chinese-automaker/">available after the jump</a>) that if no deals materialized by the end of the year, it expects to begin an orderly wind down of the global Saab business at that time." <br /> <br /> [Sources: <a href="http://www.detnews.com/article/20091201/AUTO01/912010420/1148/rss25">The Detroit News</a>; General Motors | Image: Torsten Silz/AFP/Getty Images]<p><a href="http://www.autoblog.com/2009/12/01/report-gm-could-sell-some-saab-assets-to-chinese-automaker/" rel="bookmark">Continue reading <em>REPORT: GM could sell some Saab assets to Chinese; brand has through year's end to find buyer</em></a></p><p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2009/12/01/report-gm-could-sell-some-saab-assets-to-chinese-automaker/">REPORT: GM could sell some Saab assets to Chinese; brand has through year's end to find buyer</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Tue, 01 Dec 2009 19:26:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://www.detnews.com/article/20091201/AUTO01/912010420/1148/rss25>Read</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2009/12/01/report-gm-could-sell-some-saab-assets-to-chinese-automaker/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19260797/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2009/12/01/report-gm-could-sell-some-saab-assets-to-chinese-automaker/#comments" title="View reader comments on this entry">Comments</a>

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