China’s BAIH (Beijing Automotive Industry Holdings Co.) has signed a deal with Koenigsegg Group AB. No financing deal was released, but BAIH now has a small stake in Koenigsegg, which recently bought Saab Automobile from General Motors Co. The two companies plan to expand on Saab and BAIH products in China and other international markets.
So, does this mean we’ll see BAIH cars being sold at Saab dealerships? I doubt that, but I do see BAIH cars being badged as Saab’s. I sure hope not!
Source:autonews.com (subscription maybe required)
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