Beijing Automotive Industry Holding Corp (BAIC) might still be interested in buying General Motors' Saab unit, Wang Dazong, the Chinese car company's general manager, said on Monday.
Asked by reporters whether BAIC would consider approaching Saab as a solo buyer or only as a part of a consortium, Wang said: I would just say, 'stay tuned a little bit'.
Speaking on the sidelines of a China-European Union business summit, Wang said BAIC's strategy of going global was still in place.
BAIC must decide its next move after a consortium of which it was a member, led by tiny Swedish luxury car maker Koenigsegg, pulled out of talks last week to buy Saab, putting in doubt the future of the loss-making GM
(Reporting by Simon Rabinovitch; Editing by Alan Wheatley)