Hong Kong company completes purchase of Saab

Discussion in 'EV (Electric Vehicle) Discussion' started by dustoff003, Sep 3, 2012.

  1. dustoff003

    dustoff003 Blizzard Brigade #003

    Joined:
    Dec 27, 2010
    1,371
    334
    0
    Location:
    Waianae, HI (Oahu)
    Vehicle:
    2011 Prius
    Model:
    Five
    Hong Kong company completes purchase of Saab - Yahoo! News

    STOCKHOLM (AP) — A Hong Kong-owned company says it has completed the acquisition of bankrupt car maker Saab and will move ahead with its business plan to make electric cars under the Swedish brand.
    National Electric Vehicle Sweden, or NEVS, said Monday it expects to introduce its first electric vehicle "in approximately 18 months."
    Saab, which has more than 3,000 workers, filed for bankruptcy in December last year after its previous owner, the Dutch luxury car maker Spyker, failed to revive the loss-making brand, formerly owned by General Motors.
    NEVS said it will use the Saab name but not the present logo for its electric cars. It didn't disclose what it paid for the acquisition, which included Saab's factory in Trollhattan, southwestern Sweden.
     
  2. JimN

    JimN Let the games begin!

    Joined:
    Nov 26, 2006
    7,028
    1,112
    0
    Location:
    South Jersey
    Vehicle:
    2010 Prius
    Model:
    V
    I wish them luck. I wouldn't bet on production EVs in 18 months.
     
Loading...