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Saab gets access to BMW technology

From Reuters| September 27 , 2010 15:07 BJT

Car makers Saab and BMW (BMWG.DE) will start cooperating to give the Swedish loss-making manufacturer access to BMW's technology and parts, Dutch public broadcaster NOS said on Monday.

Saab, which was bought early this year by Dutch luxury car maker Spyker (SPYKR.AS) from U.S.-based General Motors GM.UL, and BMW are scheduled to sign the deal on Wednesday, NOS said, citing sources at the two car makers.

In June, a Swedish daily reported that Saab was in talks with BMW to use its engines and transmissions in a new version of the 9-2 model.

Spyker Cars Chief Executive later told Reuters in June that he was in talks with several potential partners and that a decision could be expected by year-end.

Spyker, which was loss-making last year, could not comment immediately. BMW was not immediately available to comment.

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