Official: Saab Sold To National Electric Vehicle Sweden

Saab brand has been saved again. This time by a company called National Electric Vehicle Sweden (NEVS), that has not much to do with Sweden, except the location as it is a Japanese and Chinese consortium.

NEVS has acquired the “main assets” of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB. For unknown reasons, the new owner did not obtain the intellectual property rights for the Saab 9-5 which are still held by General Motors.

The new company will dedicated to the development and manufacturing of electric vehicles and their first model will be based on the Saab 9-3, with production to start in late 2013 or early 2014. New Saab will focus on the Chinese market, though the plan is to sell cars internationally.


RELATED POSTS

Porsche 911 Carrera S vs Carrera 4S
Track Battle: Audi RS 6 Avant vs Vauxhall VXR8 Supercharged
Track-Only Ferrari LaFerrari XX prototype spied on the Nürburgring
Google self-driving car updated: focus on mastering city street driving
Jaguar Land Rover introduces self-learning intelligent car concept of the future
Stolen Jaguar XK-E gets returned to its rightful owner after 46 years
Honda opens pre-order books for the new Civic Type R
A dealer’s guide to the best family cars for 2015
Volvo Concept 26 is all about bringing joy back to daily commutes
Mahindra unveils a compact SUV named KUV100 for the local market
Volkswagen T-Prime concept GTE debuts in Beijing
Škoda Kodiaq SUV to make guest appearance at final stages of Tour de France
Tags: , ,