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Saab now a maker of EVs

Time 9 years ago

TROUBLED Swedish car brand Saab has been sold to an electric vehicle company. 

It’s been announced Saab has been purchased by National Electric Vehicle Sweden (NEVS) – a firm created especially for the buyout of the brand – but no purchase price was given.

The company says it plans to modify the current Saab 9-3 to be an electric car which will use ‘advanced technology from Japan’, said a statement.

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The modified 9-3 will form NEVS’ plans to become ‘a leading manufacturer of electric vehicles’, will be built at Saab’s factory in Trollhaettan, and is expected to hit the market in late 2013.

The deal does not cover Saab’s parts operation.

In December Saab firm – previously owned by Spyker and then the renamed Swedish Automobile – filed for bankruptcy, and since then production has halted amidst speculation as to Saab’s future.

However, NEVS will have to deal with Saab’s large debts – which are reported to be 13bn Kronor (£1.2bn).

 

James Batchelor's avatar

James – or Batch as he’s known – started at Car Dealer in 2010, first as the work experience boy, eventually becoming editor in 2013. He worked for Auto Express as editor-at-large and was the face of Carbuyer’s YouTube reviews. In 2020, he went freelance and now writes for a number of national titles and contributes regularly to Car Dealer.

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