UPDATE 2-BAIC in overdrive to develop brand with Saab tech

Newswire

* BAIC aims to sell 100,000 self-developed vehicles in 2011 * Spending heavily on product development after Saab buy * Plans IPO, but no details yet (Adds company and analysts quotes) By Michael Wei and Alison Leung BEIJING/HONG KONG, Dec 23 (Reuters) - Beijing Automotive Industry Holding Corp (BAIC), China's fifth-largest automaker, will launch an aggressive campaign to develop its brand both at home and overseas, after buying car designs from General Motors' [GM.UL] Saab unit. ...

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