Asian Investors To Turn Saab Into Electric Vehicle Specialist image

According to just-auto, the latest offer for Saab’s assets comes from a group of investors from Japan and China, who plan on transforming Saab into a company that will build only electric cars.

Besides restarting production at the Saab plant in Trollhatan, just-auto reports that the Asian group also plans on building a new battery assembly facility in the small town in western Sweden.

The consortium adds to a list of potential bidders that currently includes Chinese company Youngman, Indian SUV and truck manufacturer, Mahindra, BMW and Volvo Car Corp.

Saab, one of Sweden’s best-known brands, shut down production early last year after running out of money to pay suppliers and workers.

It was declared bankrupt in December after Dutch owner Swedish Automobile could not get former owner GM to agree to a Chinese-backed rescue deal.

  • Ana

    As always, remember FUGM, boycott General Motors back into bankruptcy.