Report: NEVS loses rights to Saab name

Saab just isn’t getting a break. Recently Saab’s new owner, National Electric Vehicle Sweden, filed for bankruptcy protection and is currently undergoing negotiations for restructuring.

According to The Wall Street Journal, NEVS has now lost rights to the Saab name, now owned by a range of firms, including Swedish defense group, also named Saab. NEVS obtained the rights to the name and the rest of what was left of Saab post-GM bailout. This didn’t include the famous griffin logo.

Reasons for NEVS’ loss wasn’t disclosed, though NEVS spokersperson, Mikael Ostlund told the WSJ that Saab is in good hands with the defense group.

As of now, NEVS is discussing and conferring over the future Phoenix platform, which is still under development.

Source: The Wall Street Journal

Chris Chin

Chris Chin is the Editor-In-Chief of egmCarTech and is a regular contributor to Automobile Magazine.

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