Tag Archives: National Electric Vehicle Sweden

End of the Saab Story: Saab is officially dead, NEVS throws in the towel, but plans new EVs

It seems Saab really was just a lost cause as the car company’s last hope, National Electric Vehicle Sweden, just announced to be ending the Saab automotive brand, saying they won’t use the company’s name on any future vehicles. National Electric Vehicle Sweden posed as the only glimmer of potential for Saab as the company […]

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SAAB gets a nice boost as NEVS signs sale agreement for 150,000 9-3 EV sedans

Things at SAAB seem to be picking up following a toss-up in various stages of bankruptcy through multiple ownerships. At first, it seemed the company was rescued from being bust and liquidated from GM’s portfolio during the 2008 restructuring, since National Electric Vehicle Sweden acquired the battered automaker to try and resuscitate it back to life. […]

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National Electric Vehicle Sweden and Dongfeng sign agreement to hopefully save Saab

If you’ve been wondering what’s been happening with Saab’s car division, so have we. Over the past several years, ever since Saab was liquidated from General Motors, the company went bankrupt, again, after being resuscitated by Sweden’s own National Electric Vehicle Sweden. They were even close to building a newly updated Saab 9-3, despite being the […]

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Report: NEVS in discussions for new SAAB EV factory in China

Believe it or not, SAAB just isn’t quite dead yet, after several declarations of bankruptcy and restructurings. They’re currently owned by National Electric Vehicle Sweden and since their acquisition, NEVS has been trying to save SAAB by paying off its debt and fixing the company’s potential future. According to AutomotiveNews Europe, NEVS is currently in talks […]

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Report: Saab might have a buyer after all

Saab’s progress into booting back up as a mass-market automaker has been stuck in limbo after the company was originally rescued by National Electric Vehicle Sweden, only to face bankruptcy again because NEVS couldn’t pay off Saab’s current debt. As a result, more filings were filed and Saab was once again was stuck in negotiations, […]

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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 […]

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Report: Saab files for bankruptcy protection again

Saab just isn’t doing too well and recently, the Saab’s new parent, National Electric Vehicle Sweden, just filed for bankruptcy protection, according to Reuters. The purpose of filing for the shield is to allow NEVS and Saab to reorganize itself after negotiations with two global automakers for support have taken longer than expected, according to […]

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Saab ceases production due to “short-term” cash problem

The turmoil for Saab isn’t over yet, despite the fact that Saab emerged from the ashes and restarted production of the last-generation 9-3 at the hands of National Electric Vehicle Sweden. According to a recent press release, Saab is suffering from a “short-term cash problem,” which has caused the automaker to cease production once again […]

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Report: Saab will jump back in the game with the 93 SportCombi and Convertible

Shortly after GM’s bankruptcy selloff, Trollhattan-based safety/luxury marque Saab was purchased by National Electric Vehicle Sweden (NEVS) in 2012; since this point, the cogs have been slowly turning to reintroduce the well-known quirky brand. Though the first “new” (new ownership) 9-3 entry level luxury sedan rolled off the production line last September, the brand has […]

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Meet the new(ish) 2014 Saab 9-3 as NEVS confirms production restart

Saab’s new parent, National Electric Vehicle Sweden, has officially and proudly announced to have restarted the automaker’s assembly plant in Trollhättan, Sweden, making the 2014 Saab 9-3. But don’t get too excited just yet as the new 9-3 is nearly identical to the last 9-3 ever made since the brand filed for bankruptcy and ceased […]

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