TIMELINE-Chinese automakers chase global profile

Newswire

Nov 25 (Reuters) - Chinese car maker Beijing Automotive Industry Holding Corp (BAIC) said on Wednesday it was reassessing the situation after a consortium it belonged to dropped a bid to buy General Motors' [GM.UL] Saab unit. [ID:nGEE5AN2H4] In a statement, BAIC reaffirmed its commitment to become a more global autos maker, and analysts said BAIC may bid alone for some Saab assets, but was unlikely to try for the whole company. [ID:nHKG354321] China's relatively cash-rich automakers have ...

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