Beijing Auto Holding and other companies approached General Motors on the acquisition of Saab
General Electric reported on November 26th, sources said that BAIC, private investment group Merbanco Inc and Renco Group Inc have contacted the company regarding the acquisition of Saab's division of General Motors. . Sources revealed that no company has submitted a written offer to GM for the acquisition of Saab, and any new offer or other options for the department will be reviewed by the General Motors Board at the 1 December meeting. Previously, the Swedish sports car manufacturer Koenigsegg Group AB cancelled plans to acquire Saab. The spokespersons of Beijing Auto and Renate Group have not commented on this yet. Merbanco President Christopher Johnston said in an interview that the company hopes to help the Saab department. General Motors spokesman Chris Preuss and Saab department spokesman Eric Geers declined to comment.
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