Saab, BMW to Announce Partnership on Wednesday

After numerous rumors, reports and plenty of speculation, Saab is set to sign a deal with BMW that will see the Swedish automaker get access to BMW technology and parts for future models. It is believed the first such model will include the a Saab small car based on the current MINI Cooper platform.

News of the deal comes via Dutch broadcaster NOS citing sources at both automakers who claims an announcement by both BMW and Saab will come this Wednesday.

Earlier this year Saab was saved from liquidation by little-known Dutch sports car maker Spyker, when it purchased the Swedish brand from General Motors. This deal could see Saab and Spyker head towards profitability in a world where, increasingly, small automakers are being forced to team up with larger players or simply disappear.

[Source: Reuters]