Buyer to use bankrupt Saab to go electric Reuters

20 мая 2014 | Author: | Комментарии к записи Buyer to use bankrupt Saab to go electric Reuters отключены
Saab Electric Cars


STOCKHOLM (Reuters) The buyer of bankrupt Saab the deal to acquire most of its in a step that advanced its to make electric vehicles but it would not be able to use the Swedish distinctive griffin head

Saab, which has been cars since 1947, into bankruptcy at the end of 2011, than two years after Motors ( GM.N ) sold it to sportscar group Spyker.

Buyer National Electric Sweden AB (NEVS), whose vehicles will be based on cars, said completion of the would speed up the process the start of production.

In approximately 18 we plan to introduce our first vehicle based on Saab 9-3 and a new technology electric powertrain, Trogen, NEVS chairman, in a statement on Monday.

NEVS to make cars for the Chinese as it sees the authorities there heavily in electric vehicles.

The finalization of the deal, including the production plant, came NEVS agreed with maker Scania ( SCVb.ST ) and and aerospace group Saab ( ) not to use the griffin symbol, though it can use the Saab.

The brand had been by the three companies, which in the were one company.

NEVS is wholly owned by Modern Energy Holdings whose founder and principal is Chinese-Swedish businessman Kai Johan

Engineering and development of our first vehicle has been underway for an period in China and Japan, and now the manufacturing facilities in our possession, we are to continue development work on at Trollhattan (the Saab Jiang said in a statement.

Saab Electric Cars

its admired brand and a loyal Saab had struggled for years to against bigger competitors.

Spyker bought the carmaker in 2010 but soon hit financing and spent months stitching deals with Chinese

GM, which retained licensing and operates in China in a partnership state-run automaker SAIC Corp Ltd ( 600104.SS ), late year effectively blocked with other Chinese

Spyker has filed to sue GM for $3 billion, it deliberately let Saab go under. GM has the allegation.

Spyker has also a deal with a would-be investor, Zhejiang Youngman Car Group, to make upmarket based on a platform and technology for Saab.

(Reporting by Patrick editing by Jane Baird)

Saab Electric Cars
Saab Electric Cars
Saab Electric Cars
Saab Electric Cars
Saab Electric Cars

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