GM in talks on partial sale of Saab to BAIC

General Motors is in talks with Beijing Automobile Works (BAIC) on a partial sale of assets associated with the Saab unit, including tooling and technology, reported Reuters, citing two people familiar with the matter.

BAIC, China's fifth-largest automaker, said it has no interest in acquiring Saab's production hub in Trollhattan, Sweden, according to the source.

The person added that under the proposed deal, BAIC would set up production in China based on an older generation of Saab, including the 9-5 and 9-3 models.

The partial sale of Saab technology to BAIC would make it easier for Saab to liquidate, but 3,000 jobs in Sweden will be lost.

GM is also vetting other bidders that have expressed an interest in buying all of Saab.

Agencies and Shi Jierui contributed to this story