Mexican Media Brands
Has Saab Been Sold to EV Consortium?
A Sino-Japanese consortium, National Electric Vehicle Sweden AB, has acquired the assets of bankruptcy Saab Automobile AB, according to Swedish news media.
#hybrid
Share
A Sino-Japanese consortium, National Electric Vehicle Sweden AB, has acquired the assets of bankruptcy Saab Automobile AB, according to Swedish news media.
NEVS, which announced last week that it had made an offer of undisclosed size for Saab, won't confirm the reports. The company says it is interested in Saab's innovation, brand image and manufacturing expertise.
NEVS was created for the purpose of buying Saab by an investor group led by Japanese venture capital firm Sun Investment and Chinese utility company National Modern Energy Holdings Ltd. NEVS chairman is Karl-Erling Trogen, a former senior executive at AB Volvo. Also on the company's board is former Volvo senior adviser Kai Johan Jiang.
Saab entered bankruptcy in Sweden in December. The main obstacle to a sale has been former parent General Motors Co.'s unwillingness to license its technology which underpins many Saab models to a new owner.
RELATED CONTENT
-
About the 2020 Lincoln Aviator
Successful vehicles tend to be those that are available on a global basis, and increasingly, those vehicles tend to be in the SUV segment writ large.
-
On Ford Maverick, Toyota Tundra Hybrid, and GM's Factory Footprint
GM is transforming its approach to the auto market—and its factories. Ford builds a small truck for the urban market. Toyota builds a full-size pickup and uses a hybrid instead of a diesel. And Faurecia thinks that hydrogen is where the industry is going.
-
Will Alcraft Take Off?
“British electric vehicle start-up Alcraft Motor Company has revealed details of its first car, the high-performance Alcraft GT.