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National Electric Vehicle Sweden AB (NEVS) acquired assets of Saab on June 13, 2012, and now the transaction is completed. Financial details remain undisclosed, however.
NEVS is a Swedish company that was founded last spring with the aim of buying back Saab and producing an electric car at the Trollhättan plant.
The vehicle will reportedly be sold in China as a Saab but under a new logo since NEVS wasn't able to secure those rights. With the increasing popularity of EVs around the world, look for it to spread to other markets beyond 2014.
Saab filed for bankruptcy in December 2011, less than two years after Spyker bought it from General Motors.
Source Lapresse.ca
NEVS is a Swedish company that was founded last spring with the aim of buying back Saab and producing an electric car at the Trollhättan plant.
The vehicle will reportedly be sold in China as a Saab but under a new logo since NEVS wasn't able to secure those rights. With the increasing popularity of EVs around the world, look for it to spread to other markets beyond 2014.
Saab filed for bankruptcy in December 2011, less than two years after Spyker bought it from General Motors.
Source Lapresse.ca