BAIC may bid for select Saab assets, analysts say

China's BAIC, part of a group that abandoned its bid to buy General Motors' Saab unit, could still bid for some Saab assets on its own but is unlikely to try for the whole company, analysts said.

Beijing Automotive Industry Holding Corp (BAIC) must decide its next move after its consortium, led by tiny Swedish luxury car maker Koenigsegg, pulled out of talks to buy Saab, putting in doubt the future of the loss-making GM unit.

BAIC said yesterday it was reviewing its options and reaffirmed its commitment to become more global.