Saab officially sold to National Electric Vehicle Sweden

Saab 9-3 facelift - 23.2.2011
Saab 9-3 facelift - 23.2.2011

Saab 9-3 EV coming in late 2013 / early 2014

Saab has been bought by a Japanese and Chinese consortium called National Electric Vehicle Sweden (NEVS).

In an agreement announced earlier today, NEVS confirmed they acquired the "main assets" of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB. The consortium scooped up the remains of the automaker for an undisclosed price, but was unable - or unwilling - to obtain the intellectual property rights for the Saab 9-5 which are held by General Motors.

Regardless, the company will start a new "automobile venture" which is exclusively dedicated to the development and manufacturing of electric vehicles. NEVS' first model will be based on the Saab 9-3 and is slated to go into production in late 2013 or early 2014.

Later on, the company will introduce an all-new model which features "additional cutting-edge technology from Japan."

NEVS plans to sell the vehicles internationally, but will initially focus on the Chinese market. As National Modern Energy Holdings Ltd's founder, Kai Johan Jiang, explains "The Chinese can increasingly afford cars; however, the global oil supply would not suffice if they all buy petroleum-fueled vehicles. Chinese customers demand a premium electric vehicle, which we will be able to offer by acquiring Saab Automobile in Trollhättan."

Source: NEVS

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Comments (3)

CDspeed CDspeed
Hmm, another twist in the Saab saga. I guess only time will tell where this will end up.
Jun 13th, 2012 11:05pm
1 0
72europatc 72europatc
actually this means it's officially over now. sad for Saab.
Jun 14th, 2012 12:58am
1 0
Yep, I just gave up on my 93 waiting in the shop to be fixed over a part I couldn't find anywhere (already). Too bad cause despite its average reliability it was a good drive.
Jun 14th, 2012 7:21am
1 0