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Saab Automobile and Beijing Automotive reach milestone in technology cooperation

* Saab closed on a sale of certain Saab 9-3, current 9-5 and Powertrain technology to BAIC
* Current 9-5 tooling will move to China where it will be used to make BAIC vehicles
* Saab will assist BAIC in integrating this technology into BAIC vehicles

Trollhättan – Saab Automobile AB announced today that it had closed on the sale to Beijing Automotive Industry Holdings Co. Ltd (BAIC) of certain Saab 9-3, current 9-5 and powertrain technology and tooling. Saab will assist BAIC to integrate this technology into future BAIC vehicles.

Jan Åke Jonsson, Managing Director of Saab Automobile said: “This arrangement is excellent for both parties, now and for the future. We have developed a good relationship with BAIC and look forward to working with them to integrate this Saab technology into their future vehicles.”

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