Reports from Europe late on Monday indicate General Motors Co. and China's Beijing Automotive Industry Corp. (BAIC) may be edging closer to a deal that will transfer some of Saab's hard assets to BAIC – but also appears to set the stage for GM to liquidate the Saab brand. Reuters reported GM was talking with BAIC about a deal to sell existing tooling for the Saab 9-3 and 9-5, both of which were due to be replaced by new-generation models based on GM architectures. Saab had already unveiled the 9-5 at this year's Frankfurt motor show and its launch was ready.
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Time Running Out For Saab
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