AM Online

Chinese firm in Koenigsegg's bid for Saab

Beijing Automotive Industry Holdings has joined Koenigsegg Group's bid to buy Saab.

The Chinese carmaker would take a minority shareholding if the deal went ahead.

Koenigsegg, known for its elite supercars, said the partnership would help Saab to find business in China and other markets abroad and allow Beijing Automotive to share technologies with the Swedish manufacturer.

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