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RPT-"Stay tuned" on SAAB, Beijing Auto executive says

Sun Nov 29, 2009 8:42pm EST

NANJING, China, Nov 30 (Reuters) - 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.

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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 GM.UL unit. (Reporting by Simon Rabinovitch; Editing by Alan Wheatley) ((alan.wheatley@thomsonreuters.com; +86 10 6627 1235; alan.wheatley.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))

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