Guess they bought Saab?
BAIC A520T/A523T Series Sedan | BAIC International
(Noticed the reference to Saab based turbo)
From Wikipedia
In 1989, the automobile division of Saab-Scania was restructured into an independent company, Saab Automobile AB. The American manufacturer
General Motors took 50% ownership with an investment of US$600 million, and then in 2000, exercised its option to acquire the remaining 50% for a further US$125 million; so turning Saab Automobile into a wholly owned GM subsidiary. In 2010 GM sold Saab Automobile AB to the Dutch automobile manufacturer
Spyker Cars N.V.
After struggling to avoid insolvency throughout 2011, the company petitioned for
bankruptcy following the failure of a Chinese consortium to complete a purchase of the company; the purchase had been blocked by the former owner GM, which opposed the transfer of technology and production rights to a Chinese company. On 13 June 2012, it was announced that a newly formed company called
National Electric Vehicle Sweden (NEVS) had bought Saab Automobile's bankrupt estate. According to "Saab United", the first Nevs Saab 9-3 drove off its pre-production line on 19 September 2013. Full production restarted on 2 December 2013, initially the same gasoline-powered 9-3 Aero sedans that were built before Saab went bankrupt, and intended to get the automaker’s supply chain reestablished as it attempted development of a new line of NEVS-Saab products. NEVS lost its license to manufacture automobiles under the Saab name in the summer of 2014. Since then, none have been manufactured, using the Saab label.
On 28 August 2014, NEVS itself filed for bankruptcy protection.
On 29 August 2014, Saab AB announced it was cancelling the licensing agreement that allows NEVS to use the Saab name. NEVS' financial problems were cited as the reason. A spokesman for NEVS said that the company expects to renegotiate the agreement after a solution to the company's financial problems is reached.
By June 2015, NEVS had acquired two new Chinese partners, an IT company and a development authority for the city of Tianjin. Both are state-owned. In late June, NEVS began construction of a factory in Tianjin, with the goal of manufacturing electric cars for the Chinese market. As of this point, NEVS has not re-acquired the rights to the Saab name, and it is developing a new brand for the Chinese market. There was no indication that restarting production at the plant in Trollhättan, Sweden was planned
Saab is the exclusive automobile
royal warrant holder as appointed by the
King of Sweden
