Agent009 submitted on 12/15/2009 Auto Spies Photos Timestamp: 10:13:24 AM
Views : 5,280 | Category: Misc News | Source: | SOURCE: www.autonews.com
Beijing Automotive Industry Holding Co. paid 1.4 billion crowns ($197 million) to buy the intellectual property rights and equipment to make Saab's 9-5 and to purchase some technology rights to the 9-3, Swedish business daily Dagens Industri reported."The purchase price is 1.4 billion crowns and the money was in Saab's account already on Friday," Dagens Industri said Monday, quoting a source involved in the process.The money is enough to keep Saab running for three months, the source said, meaning there is no immediate threat of the company going under.2009 LA Auto Show Photo Gallery2011 BMW 5-Series Photo Gallery2010 Lexus GX460 and 470 Photo Gallery2010 BMW 7-Series M-Sport Photo Gallery2009 SEMA AUTO SHOW Photo Gallery Now LIVE!AutoSpies.com Photo GalleriesIf you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com Share on Facebook Read Article
"The purchase price is 1.4 billion crowns and the money was in Saab's account already on Friday," Dagens Industri said Monday, quoting a source involved in the process.
The money is enough to keep Saab running for three months, the source said, meaning there is no immediate threat of the company going under.2009 LA Auto Show Photo Gallery2011 BMW 5-Series Photo Gallery2010 Lexus GX460 and 470 Photo Gallery2010 BMW 7-Series M-Sport Photo Gallery2009 SEMA AUTO SHOW Photo Gallery Now LIVE!AutoSpies.com Photo GalleriesIf you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com Share on Facebook
Share on Facebook
"Normal is an illusion. What's normal for the spider is chaos for the fly."— Agent009 (View Profile)
"Normal is an illusion. What's normal for the spider is chaos for the fly."
— Agent009 (View Profile)
More photo galleries