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Dongfeng Quietly Buys Saab’s Engineering Company

Published October 15, 2012

In 2018 China Car Times was acquired by Autowise. This article originally appeared on ChinaCarTimes.com.

Dongfeng Auto announced today that it has bought a 70% share in the Swedish engineering firm, T Engineering AB. T Engineering was a spin off from Saab Automobile Powertrain and focuses on developing powertrains for the automotive world.

The original agreement was signed on December 8th 2011 and will see Dongfeng buy 70% of the company in stage one and in stage two buy the remaining 30% after a two year waiting period which will see T Engineering become Dongfengs first overseas R&D facility.

According to Dongfengs Overseas Spokesman, Zhou Mi, the company bought T Engineering to assist Dongfeng in developing energy efficient and new energy vehcicles and will jointly work on 3 new technology projects in 2013.

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