9.17Saab may build cars in China in future, executive says

Saab may build cars in China in future, executive says

 

http://autonews.gasgoo.com/auto-news/1012211/Saab-may-build-cars-in-China-in
-future-executive-says.html

 

Shanghai, September 17 (Gasgoo.com) 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.

 

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