New Saab Cars to be Rolled out in 2014 Supply Chain content from IndustryWeek

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Saab Electric Cars

New Saab Cars to be Rolled out in

The buyers of bankrupt Swedish Saab AB (IW1000/943) said they would launch first model in 2014 the Saab name, after the purchase of the company for an undisclosed

National Electric Vehicle a joint venture between s National Modern Energy and the Japanese fund Sun Investment, it had finalized its acquisition from administrators of the main assets of Automobile, Saab Automobile and Saab Automobile Tools.

The efforts to implement our business can now be multiplied, focused on the development of a electric vehicle in Trollhaettan, in Sweden where Saab is the chairman of NEVS, Karl-Erling said.

In approximately 18 months, we to introduce our first electric based on Saab 9-3 technologies and a new electric powertrain, he added.

Bankruptcy administrators announced a agreement with NEVS in

The two sides did not disclose the transaction sum on and the TT news agency suggested the would only be revealed in when documents must be to a local court.

The acquisition intellectual property rights for the 9-3, intellectual property for the Phoenix platform, tools, the plant, and test and laboratory NEVS said.

The acquisition comprises all outstanding shares in the company which owned the facilities in Trollhaettan, Sweden.

However, NEVS did not obtain the to Saab s logo — the the mythological half-lion half-eagle. logo has been shared the Saab defense and aeronautics and Scania trucks, which all to be part of the same corporate NEVS did not say what its new logo be.

The new Saabs will primarily be at the Chinese market.

Saab Electric Cars

The Chinese can afford cars; however, the oil supply would not suffice if all buy petroleum-fueled vehicles, NEVS owner Kai Johan Jiang

Chinese customers demand a electric vehicle, which we be able to offer by acquiring Automobile in Trollhaettan, he added.

filed for bankruptcy last after teetering on the edge of the for almost two years. At the time of its Saab was working on a new version of its 9-3 But it was forced to halt that due to a lack of financing.

NEVS said it was now in the process of new management and engineers.

The Swedish hailed the agreement.

The aim of developing new cars based on Saab s technology is innovative and forward-looking. It in well with the existing and development in the Swedish automobile Enterprise Minister Annie said.

Copyright Agence 2012

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

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