Saab, the car brand General Motors is selling to new Swedish and Chinese owners, is considering building cars in China, its managing director said yesterday.
Jan Ake Jonsson also said that he expected final financing arrangements for GM's sale of the Swedish brand to a consortium led by supercar producer Koenigsegg to be in place by the end of October.
Shanghai Automotive, GM's main Chinese joint venture partner, at present sells imported Saab cars in small numbers in China, which is overtaking the US as the world's largest car market. This arrangement would be gradually wound down as part of a transition agreement with GM, Mr Jonsson said.
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