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SAIC eyes up a stake in Saab
China’s largest carmaker SAIC Motor group may take a stake in Saab Automobile by teaming with luxury sportscar maker Koenigsegg, it emerged yesterday.
SAIC, which is partnered with a General Motors (GM) in China, is interested in buying into the US carmaker’s Swedish unit, but its ill-fated investment in South Korea’s loss-making Ssangyong Motor weighs on its decision.
Koenigsegg struck an accord in June to buy Saab from General Motors, backed by US and Norwegian investors.