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Report – India’s Mahindra closing in on purchasing Sweden’s Saab


According to a recent report coming from the Financial Times, India's Mahindra & Mahindra is now on the verge of buying National Electric Vehicle Sweden (NEVS), the Chinese investment holding that holds the assets of Saab Automobile. The newspaper, which cited documents filed in a court in Sweden, mulls the purchase of a majority stake in NEVS, the group that gained ...
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More Saab articles

Recall roundup: GM vehicles for headlamps problems
General Motor has recently issued a recall for more than 315,000 vehicles because of a problem spotted with the low-beam headlamps. According to the North American based automotive giant, no less ...
Europe: Saab says it found an Asian investor to assist recovery
The world famous Swedish brand Saab Automobile could soon be ready to come back to its former glory – with the company holding the rights to its name finally securing ...
GM wins a court dismissal in Spyker – Saab lawsuit
The US automaker managed to convince a federal appeals court to approve the dismissal of a $3 billion lawsuit brought by Spyker NV because the latter considered that General Motors ...
GM to advise Pontiac, Saab owners against having front passengers
The largest US automaker, General Motors, plans to rally to Toyota’s request to disallow front rides in certain car models, affected by the recall campaigns stemming from the defective Takata ...
New GM recalls affecting 524k vehicles
Another two recalls have been announced by the North American based automotive giant, General Motors, because of the manufacturing defect in the chassis control module and the hood latches. The first ...
Saab’s parent decides to let go workers while searching for investors
The Swedish automaker’s saga continues with a new chapter - China's National Electric Vehicle Sweden (NEVS), now the owner of the brand, has decided to fire up to 200 people ...
Saab carmaker NEVS wins creditor protection
China’s National Electric Vehicle Sweden (NEVS), the owner of the Saab automaker since 2012, has won protection from creditors thanks to a Swedish ruling last Friday. The company asked for ...
Saab owner files for creditor protection, Swedish court rejects it
The tumultuous recent history of the well-known Scandinavian automaker has entered yet another unfortunate chapter. NEVS, the Chinese backed owner of the brand has filled – unsuccessfully – for protection ...
Saab 9-3 EV prototype officially unveiled
The first images and details with the new Saab 9-3 EV prototype have been recently released by NEVS. Did you ever wonder what the new Saab 9-3 electric vehicle might look ...



latest automotive news
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