December 14, 2009


Reuters reports that Beijing Automotive Industry Holding Corp. or BAIC will acquire the intellectual property (designs and technology) of the Saab 9-5 and 9-3 series and production equipment for an undisclosed amount. The 9-5 and 9-3 are the latest versions of the Saab sedans which replaced the 900 series vehicles made famous in the '90s by comic Jerry Seinfeld. BAIC has a history going back 25 years of acquiring foreign technology and entering into joint ventures including recent efforts to buy GM's European division Opel....

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