Official: Saab buyer found – administrators image

It’s official: A buyer for bankrupt Swedish automaker Saab has been found, the adminstrators said Wednesday, without naming the company involved.

The administrators said they would hold a press conference at 11.00 GMT at Saab headquarters in Trollhatten, southern Sweden, to disclose details of the deal.

Earlier this week, inautonews reported that Saab deal was done and the Swedish carmaker was sold to National Electric Vehicle Sweden AB for 200mln euro. However at that time, the court-appointed administrators for Saab, which filed for bankruptcy in December, refused to confirm.

National Electric Vehicle Sweden AB (NEVS), a Swedish-registered company founded by a Hong Kong-based company specialising in alternative energy and a Japanese investment fund, also declined to disclose the amount.

Saab, the maker of the 9-5 sedan and 9-4X crossover vehicle, hasn’t built cars since last year following an initial production halt in March 2011, and it filed for bankruptcy in December.

No sales figures have been released for 2011. Eric Geers, a former Saab spokesman who now works for startup Chinese carmaker Qoros Auto Ltd., estimated in February that the Swedish brand sold 10,000 to 15,000 vehicles last year.

Bankruptcy administrators said in April that Saab had assets to cover only just over a third of its debt of 13 billion kronor.

The debts included claims of 2.2 billion kronor from the Swedish state, 606 million kronor from former owner General Motors Corp. and 513 million kronor from former employees.