China is helping the Swedes to buy Saab

Before she Saab reported that, thanks to new investor Koenigsegg able to find additional $ 400 million needed to complete the purchase of the Swedish automaker from GM.

BAIC will become a minority shareholder in the Swedish company, the exact proportion of bought the package was not disclosed. Both companies will seek to find ways of growth for Saab in Chinese and international markets, the company says. BAIC, not having even their own brand and produce cars in partnership with the world's automakers, plans to increase sales in 2015 to 771 639 to 2 million cars

The deal to buy Saab should be concluded by the end of October, after receiving assurances the Government of Sweden for a loan from the European Investment Bank, said Representative Eric Saab Girs.

Recall that the other contenders for the acquisition of Saab were Italian automaker Fiat and American businessman Ira Rennert, who owns an industrial corporation Renco Group. The choice in favor of the firm Koenigsegg was made by size of investment, which the manufacturer of supercars ready to invest in the restructuring and development of the Saab.

Recall also that another Chinese auto company - Geely Automotive - announced the purchase of Volvo Car Corp. from the American Ford.

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