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.


All-new flagship RWD Cadillac saloon spied for the first time (production version of the Elmiraj con...
2014 Ford Focus facelift revealed with a new face and technologies
Ugur Sahin Design Project F based on Ferrari 458 Italia revealed
Choosing the car: new or used?
2015 Range Rover Sport SVR prototype revealed ahead of Goodwood debut
Aston Martin unveils Vanquish Carbon Edition Coupe and Convertible
Sponsored video: SCANIA's smart wristwatch is here and it communicates with the truck
Maserati Levante SUV debuts at the Geneva Motor Show
All-new Renault Megane Grand Coupe is here
Audi Q8 Sport Concept previews the future
Motorway Driving Tips for Inexperienced Drivers
Future Car Tech to Look For
Tags: , ,