14 Jun '12, 6am

Saab bought by National Electric Vehicle Sweden

Well, after all the unfettered drama, looks like Saab Automobile is set to live on. The brand has a new owner, and it’s National Electric Vehicle Sweden, or NEVS. Both NEVS and the Receivers of the Saab Automobile bankruptcy estate have signed a purchase agreement that covers the main assets of Saab Automobile, Saab Automobile Powertrain and Saab Automobile Tools for an undisclosed sum. Saab Automobile Parts, as well as intellectual property rights for the Saab 9-5, which is owned by General Motors, haven’t been included in the purchase agreement.

Full article: http://paultan.org/2012/06/14/saab-bought-by-national-ele...

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