Saab may build cars in China in future, executive says image

Saab Automobile, the carmaker being sold by General Motors Co., might produce cars in China in the future, the company’s Chief Executive Officer told reporters on Wednesday.

Speaking at a news conference in Frankfurt, Jan-Aake Jonsson said Saab would double its dealers in China from about 15 to 30 and might produce cars there in the future, but it will need to revive sales before spending money to add manufacturing capacity in China.

“Beijing Automotive is an opportunity for us to establish ourselves in the Chinese market with their experience,” Jonsson said.

Saab has used GM’s distribution network in China with limited success and may need to rely on co-investor Beijing Auto to gain customers in the world’s largest car market, said Christian von Koenigsegg, founder of Koenigsegg Automotive AB, which is leading a group of investors in a takeover of Trollhaettan-based Saab.

Saab sold fewer than 900 cars in China last year. Its models were introduced in China about five years ago by GM. Beijing Auto is taking a minority stake in the Saab bidding team of Koenigsegg and U.S. investor Augie Fabela II.

Source: Gasgoo