News Summary: China tycoon leads deal to buy Saab
THE BEIJING CONNECTION: An Asian group trying to rescue Swedish automaker Saab Automobile from insolvency is led by a mainland Chinese alternative energy tycoon whose company has close ties with China's State Grid electricity utility.
THE BIG PICTURE: Staying close to Saab's car making assets could help bring the huge, state-owned utility a step closer toward its long-sought goal of breaking into the electric vehicle market.
BUILDING A FOUNDATION: State Grid is the main driver behind installing the charging stations and other infrastructure required to support electric vehicles. It has experimented with electric buses but lacks automotive technology.
