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Tag Archives: saab
Saab owner NEVS Opens Battery Plant in China
National Electric Vehicle Sweden is now making batteries in China for electric buses and cars through its wholly owned subsidiary State Power Group. The owner of the rights to the currently inactive Saab brand name says State Power Group (75%) owns the new entity, dubbed National Battery Technology, together with unnamed company management (25%). Continue reading
NEVS Completes Saab Asset Acquisition including the Brand Name
National Electric Vehicle Sweden or NEVS announced today that it completed the purchase of the main assets of bankrupt Saab Automobile, Saab Automobile Powertrain and Saab Automobile Tools. This includes the Phoenix platform, tools and the manufacturing plant in Trollhättan as well as test and laboratory facilities. NEVS has also signed a licensing agreement to use the Saab name on its future vehicles. Continue reading
Spyker Sues GM For $3 Billion Over Blocking Saab Sale to Chinese
In what could be viewed as the legal equivalent of a Hail Mary pass, Dutch automaker Spyker filed suit against GM in Detroit yesterday, alleging that GM forced the Swedish brand Saab into bankruptcy and then blocked a sale of the company to Chinese investors, which would have ensured its survival. Continue reading
Some Saab Assets Sold to a New Electric Vehicle Company
National Electric Vehicle Sweden AB (NEVS), a new firm established to purchase bankrupt Saab, and the receivers of Saab today signed a purchase agreement that covers some of the assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB. The selling price was not disclosed. The company will establish a new automobile venture in Trollhättan, dedicated to the development and manufacturing of electric vehicles (EVs). The intellectual property rights for the aging 9-3, introduced in 1992, were part of a deal that includes all outstanding shares in the company that owns the Saab Automobile facilities in Trollhättan, Sweden. Continue reading
Saab Files for Bankruptcy. It’s All Over Except for Mourning
The end of Saab was practically assured last Saturday when General Motors reiterated a long-standing position against Saab transferring GM intellectual property to the Chinese and having Chinese companies build a rebadged Cadillac SRX as a Saab in China. GM is the largest automaker in China, albeit with communist government dictated partners. Continue reading
Posted in auto news, economy, financial results, news, news analysis, results
Tagged auto informed, auto tariffs, autoinformed.com, automotive news, chinese auto industry, GM, Ken Zino, pang da, saab, saab bankruptcy, spyker, swan, trade, wto, youngman
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