One of the most controversial deals made this year in the automotive sector, the one through which American manufacturer GM sold intellectual property for Saab’s 9-5 and 9-3 sedans and additional equipment to Chinese company BAIC, was worth $200 million, as the Chinese side claims.
For that money, BAIC bought rights to three vehicle platforms, two engine technologies and two transmission systems, BAIC said in a statement quoted by Autonews. The deal sent Saab into a spin, as it w… (read more)