Huge cooperation with Saab from the car to change the car

As the saying goes, “The financial market is frustrated and the situation is triumphant.” Huge Motorsport and Sweden’s Saab Automobile have recently expressed their deep feelings about this Chinese saying. The immense automobile and electronics trade that was broken on the first day of IPO listing finally took the first step in making a car; Saab cars, which could not afford to pay their employees' salaries recently, quickly flickered after 10 days of marriage with Huatai. Even more amazing is that Four days later it won the groom again. Chinese auto circles are more and more lively, comparable to the entertainment circle.

The seller of the car had to build a car. On the 16th, the Dutch company, Spyker, the parent company of the Swedish Saab Automobile, issued a statement saying that the company and Saab had signed a memorandum of understanding with China’s huge auto trade group to sell and produce the car. The field launched strategic cooperation.

The same statement was just released more than ten days ago. The content is almost exactly the same, but the name became Huatai Motor. For the first time, Sabotut’s money is Huatai. What is Saabtu this time?

According to the cooperation agreement signed between Spyker and the huge automaker, the huge automaker will form an auto sales company with Spyker, and the two parties will each hold 50% of the shares. In addition, the two companies will also form an automobile production company, in which Saab will hold 50% of the shares, and the remaining shares will be jointly owned by a large domestic automobile manufacturer. This joint venture will also create a new automotive sub-brand for the Chinese market. .

According to the agreement, the huge Auto Trade Group will pay Saab Automobile 30 million euros to buy Saab brand models, and may under certain conditions, in the 30 days to pay 15 million euros to buy more Saab cars. In addition, the huge Auto Trade Group will invest EUR 65 million at a price of EUR 4.19 per share to purchase 24% of Spyker. At the same time, Huge Motor Trade will have the right to nominate the Spyker Board of Supervisors and members of the Saab Automobile Company's board of directors.

Huge Motorsports is a large-scale automobile marketing company focusing on auto dealership services. It is the largest auto dealership group in the Chinese market, and its number of dealers exceeds 1,100. As the first Chinese auto dealer who landed on the A-share capital market through IPO, Huge Group (601258.SH) opened at only 36 yuan on the day of April 28, and finally closed at 34.58 yuan, with a issuance price of 45 yuan per share. Compared with the sharp fall of 23.16%, the first day since the launch of the online subscription of A shares, it broke the record. However, this listing is also a huge fundraising nearly 1 billion US dollars.

Beiqi or behind the scenes just four days before Saab and the huge announcement of “marriage,” it had just “married” with another Chinese car company, Huatai Automobile, for ten days. Just one third of the honeymoon, the marriage fell. At that time, it was said that the "third party" was Great Wall Motors. However, the Great Wall's claim is only "in contact with".

In fact, in addition to Great Wall Motors, Young Automobile, Haotai Heavy Industry, Jiangsu Yueda and other companies had previously negotiated with Saab. This time with the huge cooperation, the industry generally guessed that Beiqi was the force behind the demolition of Huatai and Saab. But so far, BAIC has not made any comments on the projects of Huatai and Saab.

Some media revealed that after Saab and Huatai projects fled, Spyker and Saab CEO Muller flew to the United States to meet with BAIC executives. Last year, BAIC spent $200 million to purchase some of Saab's models and intellectual property. In 2012, it will launch its own brand products developed with Saab 9-3 models, and buying all of Saab's assets is the fundamental goal of BAIC. In addition, BAIC Motor Co., Ltd. is also the most important partner of the huge automobile trade. The two parties had previously had contact in the production of automobiles. Previously, a large joint venture with Beiqi plans to join a joint venture with Subaru. The plan is for BAIC and Huge to each hold 25% of the shares. Subaru will account for 50%. Moreover, Beiqi has already established the Subaru project.