The new owner of Saab, National Electric Vehicle Sweden, which itself is controlled by a Chinese-Japanese investment group, will soon be launching its first car under the new ownership. Most industry insiders say the debut issue from NEVS will be an electric version of the venerable Saab 9-3 sedan, one of the brand’s more popular models. Based on official company statements, however, NEVS might create a gasoline car as its debut model, and follow up with electric cars in the near future.
For a quick history of Saab, see the video link below, which was produced by television network NTDTV, a China-based agency. From 1990, when GM purchased half of Saab, through 2009, when the giant U.S. automaker sold it, Saab continued to operate and sell cars. Then GM put the company on the auction block, selling it to Dutch group Spyker. Two years later, Saab was up for sale again, this time to National Electric Vehicle Sweden (NEVS), who currently owns the brand. Apparently, the bidding was quite active, as many international automotive upstarts were interested in the famous brand name. All the interesting twists and turns of the journey from the old days of Saab to the new ones of NEVS are touched upon in the clip. Enjoy.
The chairman of NEVS, Karl-Erling Trogen, alluded to the new electric 9-3 when he commented, “We are going to build the electric vehicle of the future here in Trollhattan. The plant, as you have heard earlier, is top class. In parallel, we are also addressing the environmental challenges of the future by providing attractive cars that the market will demand.” As the situation stands, National Modern Energy Holdings Ltd. owns 51 percent of NEVS, while the Japanese company, Sun Investment LLC, owns 49 percent.
For up to date information about the company that purchased Saab, see the official corporate website of NEVS: