Colorado Springs News, Sports & Business

Gazette Premium Content Saab could reappear in 2014

Staff reports Updated: September 13, 2012 at 12:00 am

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
Colorado Springs Gazette has disabled the comments for this article.
You've reached your 4 FREE premium stories this month

Already registered? Login Now

Get 4 more FREE stories

Simply register to continue.

Register

Subscribe now

Get access unlimited access to premium stories.

Subscribe
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement