Saab sold to Chinese-Swedish investment company, will use resources to build EVs

Saab 9-5

Saab lives on… well, kind of. According to a new report, a Chinese-Swedish investment group with Japanese backing called National Electric Vehicle AB (NEVS) has purchased Saab. The company did not release any details on how much Saab was purchased for but insiders say that it plans to use Saab’s resources for the production of electric-vehicles.

NEVS told Reuters that the company will start its new operations in Trollhattan, Sweden, and that it expects to start selling its first model in early 2014. That model will be based on the Saab 9-3 sedan.

During the early process, sales and marketing of the car will be focused on China. Later down the line, sales will expand to the rest of the world.

Insiders describe ‘a completely new model based on Japanese technology and a future Saab platform.

– By: Omar Rana

Source: AutoWeek


1970 Yamaha 80 YG5S   Fly Wheel w Key & Nut NICE  G5T yg5 T3 picture
1970 Yamaha 80 YG5S Fly Wheel w Key & Nut NICE G5T yg5 T3
1981 Kawasaki KZ 750 H  Fly Wheel w Bolt Rotor Magneto NICE OEM LTD KZ750 picture
1981 Kawasaki KZ 750 H Fly Wheel w Bolt Rotor Magneto NICE OEM LTD KZ750
Luk DMF075 Daul Mass Flywheel For 2005-2012 RAM 2500 3500 4500 5.9L 6.7L DIESEL picture
Luk DMF075 Daul Mass Flywheel For 2005-2012 RAM 2500 3500 4500 5.9L 6.7L DIESEL
HONDA MR 175 MR175 OEM ENGINE CRANKSHAFT FLYWHEEL WOODRUFF KEY NEW picture
HONDA MR 175 MR175 OEM ENGINE CRANKSHAFT FLYWHEEL WOODRUFF KEY NEW
Luk LFW126 Flywheel fits 1992-2000 Chevy&GMC C2500,C3500,K2500,K3500 picture
Luk LFW126 Flywheel fits 1992-2000 Chevy&GMC C2500,C3500,K2500,K3500