Saab and Sweden create venture to develop transmissions for the auto industry

Spyker Cars NV's Saab Automobile has entered an agreement with Sweden's government to set up a venture to develop transmissions for the auto industry. Saab and Fouriertransform AB, the government’s venture-capital firm, will create a staff composed of about 50 engineers from Saab’s powertrain division, the companies recently said in a joint statement on Fouriertransform's Web site. The companies said that the venture to be formed in 2011, will develop transmission systems like gearboxes, for Saab and other carmakers.
Read Article

fit4life - 12/29/2010 12:38:44 AM

+1 Boost

"The companies said that the venture to be formed in 2011, will develop transmission systems like gearboxes, for Saab
and other carmakers."

And then the Chinese will buy them out.