As expected, Beijing Automotive buys key Saab assets from GM, paying 1.4B crowns ($197M) for the...

|By:, SA News Editor

As expected, Beijing Automotive buys key Saab assets from GM, paying 1.4B crowns ($197M) for the intellectual property rights and equipment to make Saab's 9-5 and to purchase some technology rights to the 9-3. The money will be enough to keep Saab running for three more months, and gives it more time to find a buyer for what's left of the unit.