Beijing Automotive Group has said it plans to sell 400,000 units in markets outside of China by 2020. In order to accomplish this goal, the company intends to acquire a "medium-sized" European automaker with a good brand image for a takeover. Right now, Bloomberg indicates that BAIC has identified three unnamed potential candidates, and says that it wants to move while the European economy is still sluggish. Buying an existing automaker makes sense, as doing so will allow BAIC to hit the ground
You never know what you'll find cruising the halls of the Shanghai Motor Show. China Car Times has discovered a true oddity of automotive evolution – the Beijing Auto T60 Sedan. What's so curious about this particular four-door? As you may recall, BAIC recently got its hands on the old Saab 9-3 platform, and word on the web is that the automaker was itching to prove that it can hone aging bones into an attractive vehicle. The result is the T60. According to the Chinese automaker, the conce
Don't write off Saab just yet. While last week's announcement that Koenigsegg Automotive AB had pulled its offer for the homeless brand was a painful kick to the gut, it seems there are still a few companies interested in taking the automaker under its wings. With that in mind, and interested in keeping the momentum, Saab CEO Jan Ake Jonsson and government officials from Sweden are meeting in Detroit today ahead of a Tuesday GM board meeting to determine Saab's fate.
Analysts have been speculating for years just how Chinese automakers would enter the North American market. The struggles of U.S. automakers have provided plenty of opportunities to purchase mature marques from the likes of General Motors or Ford, but so far, only Hummer has been added by a company from the land of the Great Wall. Beijing Auto, which partners with Daimler in China, was reportedly vying for Opel, but now Gasgoo, through a report in the South China Morning Post, is reporting that