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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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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 ...
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 ...
Saab and its new owner are in trouble
The National Electric Vehicle Sweden company, Saab’s most recent owner, has had trouble maintaining production of the Saab cars and is now in search of a partner. Back in September 2013, ...
Sweden: Saab output stopped because of cash shortage
China's National Electric Vehicle Sweden, which is the current owner of the car brand and assets of Sweden’s Saab, has announced it decided to halt the already very small volume ...
First reborn SAAB rolls off the assembly line
For the first time since Saab‘s bankruptcy at the end of 2011 a car rolled off the assembly line Wednesday at Swedish carmaker Saab Automobile‘s former plant, built under the ...
Report – SAAB factory up and running again
According to recent reports, the new Saab owner - National Electric Vehicle Sweden (NEVS) - has reportedly re-opened the former Swedish brand’s Trollhattan factory that shut its gates in April ...

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