Save this content for laterSave this content on your device for later, even while offline Sign in with FacebookSign in with your Facebook account Close

Saab could reappear in 2014

September 13, 2012
0

By Kelsey Mays, Cars.com,
Cars.com

A Hong Kong-based consortium has finished acquiring bankrupt carmaker Saab, including tooling and platforms for the Saab 9-3 and Saab's facilities in Trollhattan, Sweden. The consortium, National Electric Vehicle Sweden, announced plans on Monday to introduce an electric vehicle based on the 9-3 in around 18 months. Reuters reports the car won't have Saab's iconic griffin logo, however, because of an agreement with former owners, Scania and a Saab aerospace group.

Saab's bumpy past includes ownership under GM and Dutch automaker Spyker, with last-minute attempts before liquidation to find Chinese investors. What remains and who owns it gets complicated. Hong Kong-based National Modern Energy Holdings owns National Electric Vehicle Sweden, but NMEH is itself a subsidiary of another entity, China Dragon Base Holdings.

The new EV will primarily target the Chinese market, Reuters reports. Would anyone here buy the next Saab? Though shuttered, the brand still has plenty of faithful: The U.S. has some 300,000 Saabs on the road, the Detroit News reports.

We'll keep you posted on more news of the eventual car.

© 2012, Cars.com

 

Comment Policy
Register to the Colorado Springs Gazette
Register to the Colorado Springs Gazette
Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Already a Subscriber? LOGIN HERE

Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Subscribe to the Colorado Springs Gazette

Some news is free.
Exceptional journalism takes time, effort and your support.

Already a Subscriber? LOGIN HERE

articles remaining
×
Thank you for your interest in local journalism.
Gain unlimited access, 50% fewer ads and a faster browsing experience.