Saab might not be going entirely to BAIC but another American-owned European will be shipped to China.
Zheijiang Geely Holding will be completing its takeover of Ford Motor Company’s Volvo group early next year.
Ford is the only member of the Detroit 3 not to declare bankruptcy or be sold. Still, Ford had a tough year seeing a drop in its revenue due to the auto sales drop. Hyundai has overtaken Ford to be the fourth largest automaker in the world.
Ford controls several divisions and subsidiaries including Mercury, Lincoln and Mazda but the sale of Volvo means that Ford will not be controlling any badge.
Geely is said to acquire Volvo for its $1.8 billion value.
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