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Beijing Automotive Group: Difference between revisions
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==Profile== | ==Profile== | ||
The company was founded around | The company was founded around joint ventures with Western automobile manufactors, namely [[Jeep]] and [[Daimler-Benz]] (see [[Beijing-Benz DaimlerChrysler Automotive]]). The company produces around 700,000 jeeps, light-duty trucks and travelling vans per year. In 2009, the company has become known for being a bidder for both GM's European branch [[Opel]] and [[Ford]]'s Swedish subsidiary [[Volvo]]. In September 2009 it was announced that BAIC was going to join as a minority stakeholder into a deal with [[Koenigsegg]] Automotive AB to buy the Swedish car manufacturer [[Saab Automobile|SAAB]],<ref>{{cite web|url=http://www.cisionwire.com/koenigsegg-group-ab/koenigsegg-group-ab-signs-mou-with-beijing-automotive-industry-holdings-co--ltd--baic--regarding-saab-automobile-ab|title=Koenigsegg - press release|publisher=Cision Wire|accessdate=2009-09-09}}</ref> however the deal fell through in November 2009. | ||
In December 2009, Beijing Automotive Industry Holding Corp said it paid $200m for technology from General Motors’ Saab unit, allowing it to roll out Saab-based cars as soon as 2011. The intellectual property bought by BAIC, includes the rights to three overall vehicle platforms [[Saab 9-3]] and [[Saab 9-5]] technologies, two engine technologies and two transmission systems.<ref>http://www.reuters.com/article/idUSLDE5BD2E920091214 BAIC paid $197 mln for Saab assets - paper</ref> | In December 2009, Beijing Automotive Industry Holding Corp said it paid $200m for technology from General Motors’ Saab unit, allowing it to roll out Saab-based cars as soon as 2011. The intellectual property bought by BAIC, includes the rights to three overall vehicle platforms [[Saab 9-3]] and [[Saab 9-5]] technologies, two engine technologies and two transmission systems.<ref>http://www.reuters.com/article/idUSLDE5BD2E920091214 BAIC paid $197 mln for Saab assets - paper</ref> | ||
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*[http://www.baiec.com/ (BAIEC)] Beijing Automotive Import & Export Corporation | *[http://www.baiec.com/ (BAIEC)] Beijing Automotive Import & Export Corporation | ||
*[http://www.beijing-hyundai.com.cn/ Beijing-Hyundai Motor Company] Joint-Venture | *[http://www.beijing-hyundai.com.cn/ Beijing-Hyundai Motor Company] Joint-Venture | ||
*[http://www.autoblog.com/2010/04/23/beijing-2010-baic-saab-c60-and-c71-and-swappable-batteries/ Beijing 2010: BAIC (Saab) C60 and C71 and swappable batteries] | |||
[[Category:Motor vehicle companies]] | [[Category:Motor vehicle companies]] | ||
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[[Category:Car manufacturers]] | [[Category:Car manufacturers]] | ||
[[Category:Makes]] | [[Category:Makes]] | ||
Latest revision as of 09:56, 24 April 2010
The Beijing Automotive Industry Holding Co. Ltd. (BAIC) (simplified Chinese: 北京汽车工业控股有限责任公司; pinyin: Běi jīng qìchēgōngyè jìnchūkǒu gōngsī) is the holding company of Chinese automobile and machine manufacturer Beijing Automotive Import & Export Corporation (BAIEC) located in Beijing.
BAIC is aiming to unveil several own-brand vehicles in 2010 and wants to double overall sales to 2 million a year by 2011.<ref>http://www.ft.com/cms/s/0/0cf9efa2-e88f-11de-9c1f-00144feab49a.html</ref>
Profile
The company was founded around joint ventures with Western automobile manufactors, namely Jeep and Daimler-Benz (see Beijing-Benz DaimlerChrysler Automotive). The company produces around 700,000 jeeps, light-duty trucks and travelling vans per year. In 2009, the company has become known for being a bidder for both GM's European branch Opel and Ford's Swedish subsidiary Volvo. In September 2009 it was announced that BAIC was going to join as a minority stakeholder into a deal with Koenigsegg Automotive AB to buy the Swedish car manufacturer SAAB,<ref>Template:Citation/core{{#if:|}}</ref> however the deal fell through in November 2009.
In December 2009, Beijing Automotive Industry Holding Corp said it paid $200m for technology from General Motors’ Saab unit, allowing it to roll out Saab-based cars as soon as 2011. The intellectual property bought by BAIC, includes the rights to three overall vehicle platforms Saab 9-3 and Saab 9-5 technologies, two engine technologies and two transmission systems.<ref>http://www.reuters.com/article/idUSLDE5BD2E920091214 BAIC paid $197 mln for Saab assets - paper</ref>
Models
See also
References
External links
- BAIC Official Website (Chinese)
- (BAIEC) Beijing Automotive Import & Export Corporation
- Beijing-Hyundai Motor Company Joint-Venture
- Beijing 2010: BAIC (Saab) C60 and C71 and swappable batteries
