BAIC had joined forces with Koenigsegg Group AB to acquire Saab from GM. After Koenigsegg pulled out of the talks, it was reported that BAIC may either go solo and make an offer for Saab on its own, or, more likely, make a bid for the Swedish firm's assets.
Earlier this week, General Motors stated that it would accept new offers for its Saab division until the end of December, but if it did not manage to strike a deal, it would consider the option of winding down the Swedish brand.
Source: Ny Teknik