GM in talks to sell Saab technology

GM in talks to sell Saab technology

 
The person said General Motors plans to sell the technology behind the Saab models 93 and 95 to Beijing Automotive Industry Holdings. The person spoke on condition of anonymity.

The sale of the old technology to Beijing Automotive Industry Holdings will help GM financially but won’t stand in the way of a deal to sell the entire Saab brand and its current production to another buyer. Negotiations for such a deal are also taking place, the source said, but declined to say with whom.

General Motors earlier this month said it will phase out the Saab brand if it doesn’t find a buyer for the brand before the end of December. About 4,500 jobs at Saab are at stake.

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