REPORT: China's Beijing Automotive takes minority stake in Saab
 

<p>Filed under: <a href="http://www.autoblog.com/category/china/" rel="tag">China</a>, <a href="http://www.autoblog.com/category/euro/" rel="tag">Europe</a>, <a href="http://www.autoblog.com/category/saab/" rel="tag">Saab</a></p><a href="http://www.autoblog.com/gallery/2010-saab-9-5-1/#4"><img vspace="4" hspace="4" border="1" src="http://www.blogcdn.com/www.autoblog.com/media/2009/09/1205343-620op.jpg" alt="" /></a>
<div style="text-align: center;"><em><strong><sma ll>2010 Saab 9-5 - Click above for a high-res image gallery</small></strong></em></div>
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It had been reported that SAIC had quietly taken a stake in Saab <a href="http://www.autoblog.com/2009/08/18/report-saab-deal-between-gm-and-koenigsegg-finalized/">in conjunction with the Koenigsegg Group</a>. However, it's been confirmed that Beijing Automotive -- which also recently made a play for Opel -- has grabbed a share of the Trollh&auml;tten pie. <br />
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BAIC provided the $400 million difference in cost that Koenigsegg needed to complete the sale and the final financial hurdle is for the Swedish government to guarantee a $600 million loan from the European Investment Bank to Koenigsegg.<br />
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Those kinds of numbers mean that Saab will be more expensive than Aston Martin, which might sound a little odd -- especially for a company that sold just 93,000 cars last year. But the tie to BAIC -- and Russia, Augie Fabela, a cell-phone company magnate -- could open up two enormous markets that will give Saab access to market numbers that could justify its purchase price and existence. Full press release from Koenigsegg after the jump.<br />
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<div class="postgallery"><p><s trong>Gallery: <a href="http://www.autoblog.com/photos/2010-saab-9-5-1/low/">2010 Saab 9-5</a></strong></p><a href="http://www.autoblog.com/photos/2010-saab-9-5-1/low/"><img src="http://www.blogcdn.com/www.autoblog.com/media/2009/08/1205332_thumbnail.jpg" alt="" title="" /></a><a href="http://www.autoblog.com/photos/2010-saab-9-5-1/low/"><img src="http://www.blogcdn.com/www.autoblog.com/media/2009/08/1205339_thumbnail.jpg" alt="" title="" /></a><a href="http://www.autoblog.com/photos/2010-saab-9-5-1/low/"><img src="http://www.blogcdn.com/www.autoblog.com/media/2009/08/1205343_thumbnail.jpg" alt="" title="" /></a><a href="http://www.autoblog.com/photos/2010-saab-9-5-1/low/"><img src="http://www.blogcdn.com/www.autoblog.com/media/2009/08/1205344_thumbnail.jpg" alt="" title="" /></a><a href="http://www.autoblog.com/photos/2010-saab-9-5-1/low/"><img src="http://www.blogcdn.com/www.autoblog.com/media/2009/08/1205338_thumbnail.jpg" alt="" title="" /></a></div><br />
[Source: Koenigsegg]<br />
<br /><p><a href="http://www.autoblog.com/2009/09/09/report-chinas-beijing-automotive-takes-a-minority-stake-in-saa/" rel="bookmark">Continue reading <em>REPORT: China's Beijing Automotive takes minority stake in Saab</em></a></p><p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2009/09/09/report-chinas-beijing-automotive-takes-a-minority-stake-in-saa/">REPORT: China's Beijing Automotive takes minority stake in Saab</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Wed, 09 Sep 2009 13:28:00 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.autonews.com/article/20090908/COPY01/309089968/1265>Read</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2009/09/09/report-chinas-beijing-automotive-takes-a-minority-stake-in-saa/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19154375/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2009/09/09/report-chinas-beijing-automotive-takes-a-minority-stake-in-saa/#comments" title="View reader comments on this entry">Comments</a>

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