In case you didn’t know, the Saab brand from General Motors has been officially sold to National Electric Vehicle Sweden. National Electric Vehicle Sweden (NEVS) is actually a Japanese and Chinese consortium, and they acquired Saab Automobile AB along with the Saab Automobile Powertrain AB and Saab Automobile Tools AB.
The price of the deal is undisclosed as yet. The consortium did not obtain the intellectual property rights for the Saab 9-5 which are held by General Motors. It is not clear whether NEVS was unable to obtain the rights or they were not willing to do so.
The future plans of NEVS include introducing its first model based on the Saab 9-3 the company will also introduce an all-new model which features “additional cutting-edge technology from Japan.”
The consortium plans to sell the vehicles internationally, however the Chinese market would be their major area in focus.
The first automobile from NEVS is slated to go into production in late 2013 or early 2014.