Posts Tagged: Saab

NEVS loses rights to build EVs with Saab brand name, continues with big growth plans

Saab AB, the Swedish aerospace company that owns the Saab brand, won’t allow its name or logo to be used on cars produced by National Electric Vehicle Sweden (NEVS), the Chinese-backed firm that bought the assets of bankrupt Saab Automobile in 2012. “We have revoked their right to use the brand name,” and the matter… Read more »

Saab successor hooks up with Dongfeng to build new energy vehicles

The future of Saab lies in China. National Electric Vehicle Sweden (NEVS), which inherited the Saab brand in 2012, and has been laboring like a mythical Nordic hero to bring it back to life as an EV, has signed a strategic cooperation agreement with the giant Chinese automaker Dongfeng Motor Corporation. Dongfeng will help NEVS… Read more »

Saab joint venture plans Chinese EV factory

The saga of Saab recently entered a new chapter, as its parent company, National Electric Vehicle Sweden (NEVS) made an alliance with two state-owned Chinese organizations. Motor Authority reported that the Tianjin Binhai Hi-tech Industrial Development Area (THT) and the Beijing State Research Information Technology Company (SRIT) will pay a total of $200 million for… Read more »

Saab to be bought by Mahindra?

National Electric Vehicle of Sweden (NEVS), which has been laboring mightily to bring the Saab brand back to life as an EV, says that an Asian automaker is planning to buy a majority stake in the company. In a reorganization application filed with a Swedish court, NEVS said that it has signed a letter of… Read more »

Saab’s new owner: We’re not insolvent, and we have a plan to resume production.

National Electric Vehicle Sweden (NEVS), the company working to resurrect the Saab brand as a pure EV, may have stalled, but it isn’t ready for the junkyard just yet. The company issued a statement this week saying that it is not technically insolvent – its assets are larger than its debt, and its suppliers will… Read more »

Saab restarts production, plans an EV for 2014

National Electric Vehicle Sweden (NEVS), the company that took over the Saab brand name, has started production…of a gas-powered car. Production of the Saab 9-3 Aero Sedan, with a 220 hp, 2.0 liter turbo gas engine, has begun at the Saab plant in Trollhättan. Sales are initially focused on China, but a small number of… Read more »

NEVS firms up plans to sell electric Saabs in China

National Electric Vehicle Sweden (NEVS), which bought the rights to the Saab brand in June, is forging ahead with plans to build two EV models for sale in China, company spokesman Mikael Östlund said in an interview with the Swadeology blog. The first of the new EVs will be “a premium car,” and is scheduled… Read more »

Saab reborn as EV maker

National Electric Vehicle Sweden AB (NEVS), a consortium of Swedish and Chinese stakeholders, has finalized its acquisition of Saab, including the rights for the Saab 9-3, the Phoenix platform, and the manufacturing plant, test and laboratory facilities in Trollhättan, Sweden. The new company will be solely dedicated to development and manufacturing of EVs. NEVS majority… Read more »

Asian group plans to relaunch Saab as an EV-only brand

Fans of Swedish engineering were “sobbing” last December when the country’s #2 automaker filed for bankruptcy. Since then, administrators have negotiated with a number of potential buyers. Now they appear to have struck a deal that will not only preserve the iconic Saab brand, but position it on the electrified cutting edge. A consortium called… Read more »