• Dec 24th 2009 at 3:59PM
  • 26
So, what's a 2009 Saab 9-5 worth to you? A more appropriate question may be, What's the 2009 Saab 9-5 worth to you? What about the previous-generation of the Saab 9-3? Apparently, those two vehicle platforms (plus one more unknown platform) along with "two engine technologies and two transmission systems" were worth about $200 million to Chinese automaker BAIC.

It would seem that BAIC got quite a lot for its relatively small sum of money, as both the older 9-3 and 9-5 are still perfectly serviceable automobiles that should allow the Chinese automaker to vastly increase the quality of its own offerings in short order. BAIC Chairman Xu Heyi reportedly said that "the purchase of Saab's intellectual property can help cut short the development time for Beijing Auto's own-brand passenger vehicles by 4 to 5 years."

Xu went on to describe an ambitious plan to sell 100,000 BAIC-branded cars (no doubt relying heavily on Saab technology) in 2011. To turn that goal into reality, BAIC says it will have a production facility ready by 2011 with enough capacity to build 150,000 vehicles per year.

[Source: Reuters]

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    • 1 Second Ago
      • 5 Years Ago
      Sad times for anyone who ever loved a Saab.

      Though anyone with any foresight at all saw this coming when GM bought them to begin with.
      • 5 Years Ago
      I'm guessing $200million only includes the technology, and not the rights to use the Saab brand. If that's the case, then the price isn't too bad for 12 year old technologies (current 9-5 and previous 9-3).
      • 5 Years Ago
      hey everyone, this is ivan, I am a Chinese, I have a different opinions towards saab. I am a big fans of Saab. there are some misunderstanding.
      • 5 Years Ago
      Lets hope they don't suck just suck on those brands like leeches.
      • 5 Years Ago
      I'm not a American.
      But, I really worry US auto industry.
      Nowdays, US consumer products market wholly dominate by "Made in China" stuffs. see wallmart products.
      Now, American prepare to "Made by China" cars.

      Chinese drain Money and technology from US, US feeding China. China will surpass US.
      This is unfair situation, aren't you angry?

      This is not a capitalism. China does not obey capitalism rule. Foreign company can't buy Chinese makers. Foreign company can't sell their products without joint venture. Chinese company making copycat products.
        • 5 Years Ago
        Chinese drain money and technology from US, kill us industry, americans will lost their jobs.
        • 5 Years Ago
        Dear Rar,

        I am an American working in Asia, and the situation makes me angry.

        Republicans want to open American markets and do not pay attention that other countries keep theirs closed. When the jobs flow abroad, right-wing people cheer that this is capitalism at work, though China is operating a managed-market semi-socialist economy. American jobs moving to Chian is not the invisible hand of the free market at work, it is the strong arm of a totalitarian country grabbing our industry in exchange for limited market access.

        The Democrats are just concerned with expanding welfare--to Wall Street, the pharma industry and the insurance companies which fund their campaigns. Many thousands of Americans are now homeless and living in tent cities after the foreclosure of their homes (which now sit empty). Republicans cheer that these lazy people have been thrown out on the street and Democrats say "don't criticize the President" as Obama helps the banks and not these people.

        America only has the worst parts of socialism, and I fear it will be a long time before people wake up to the game that is being played with them.
        • 5 Years Ago
        This is capitalism this is same thing that happened to Britain during the industrial revolution.

        Why? Problem is America is becoming very socialist compared to China (irony) take for example the penalty all employers will be hit with in new health care bill or the high taxes, capital gains etc As a result it is losing competitive edge and as a result companies are moving to China. It will only be matter of time before you see companies moving their HQs there as well not just their factories.

        • 5 Years Ago
        This wouldn't be happening if our government would put a stop to it. And before I get the "protectionism is always bad" bull$h!t, explain to me how a $750 BILLION annual trade deficit is good. It isn't and that is what is killing our country. It is the race to the bottom Walmart mentality which will destroy the US.
      • 5 Years Ago
      Did they sell them the plans to the troublesome B235 engines? Didn't they have sludging issues and so many other concerns that an extended warranty and sythetic oil requirement was established by GM? Also they will be getting the same Saab platforms (improved 900) that GM got when they took over Saab. This isn't GM's epsilon platform from what I understand. By no means cutting edge technology. But the safety and structural rigidity should be a step up for most Chinese designs.
      • 5 Years Ago
      What I don't understand is why GM was unwilling to let Koeniggsegg have access to Saab intellectual property, but was perfectly willing to sell it to a Chinese company for only $200 million. When you consider the fact that theft of intellectual property is one of corporate America's biggest complaints about doing business in China it seems preposterous.
      I wonder if this was a "backroom deal" intended to keep the Chinese market open to GM brands.
      GM has said publicly that they expect China to be their second largest market in a few years (actually I think it was supposed to happen this year until The Great Recession hit). GM kept Buick and killed Pontiac despite the fact that Pontiac's sales volume was higher. The reason: Buick is popular in China. Perhaps BAIC knew it had GM over a barrel and used that leverage to get a sweet deal on Saab technology.

      If so, it's a shame that a Chinese manufacturer will get what a Swedish one could not. But I don't think this means BAIC will soon be manufacturing cars equal to Saab and/or Volvo in build quality though, unless they do so under the watchful eye of some western corporation that puts a higher stock in QC than they do. Chinese manufacturers tend to cut corners when no one's looking. (hence the toxic toothpaste/dogfood/baby formula scandals)
      • 5 Years Ago
      We will see how smart BAIC is, are they going to make the same mistake that where made when Rover was killed or are they going to copy Huawei and set up shop in Sweden and contract all the SAAB staff just like Huawei did when Ericsson closed up in Stockholm. Time will tell. But i do not believe that GM will sell it, there is too many goodies in SAAB engineering they can not afford to loose.
      Just wait for a Cadillac based on the new 9-5..
      • 5 Years Ago
      It's very sad because $200 million is pennies when you're talking about the auto industry. Most car companies spend more than that in a year long advertising budget. Also, considering how GM burns through cash that should last about what 30 days!

      They should have kept the technology. What is happening to this country. Everything is up for sale these days without a thought about long term consequences.
      • 5 Years Ago
      The Chinese don't want the Saab brand. Aside from their crappy and/or copycat styling, which can easily be fixed by hiring away a designer from another company, the biggest problem with Chinese cars is that they have less structural integrity and safety features than a Coke can. If you know what Saab and Volvo are famous for, then you know why the Chinese wanted them so badly. Now they have both of them. Yet another genius move by GM and Ford.
      • 5 Years Ago
      Thank FSM that Colin Chapman sold the rights to build the Lotus 7.

      I'm not saying that a Saab is in any way competitive with the old 7, but sometimes it for the best when old designs get licensed...
      • 5 Years Ago
      So... they're just going to kill off the 2010 9-5? That's a shame... I do like the that one a lot.
        • 5 Years Ago
        • 5 Years Ago
        Inline - You are right. My '+1' was assuming the new 9-5 wouldn't get made as a result of the Spyker deal possibly not going through. I am praying it will, don't get me wrong.
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