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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 working at the maker’s factory in Sweden. Following GM’s decision to give up on the brand, the fate of the historic Saab automaker has been a constant soap opera – it ...
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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 ...
Volvo counts on new XC90 for future sales growth
The Volvo Car Group is set to unveil today its $66,000 homemade flagship SUV – the second generation XC90. The model will be adamant to the brand’s strategy to spur ...
Volvo’s XC90 SUV to be built in Sweden
The premium carmaker, now owned by China’s Geely, is staying true to its Scandinavian roots, choosing to build the second generation of its large SUV at home, in high cost ...
Volvo heralds the possibility of “deathless” cars
The Volvo Car Group says it’s now one “step closer” to its safety ideal – no one killed or seriously injured in its cars by 2020 – with the advent ...
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, ...
Second Ferrari LaFerrari Nero spotted in Sweden
The second version of the Ferrari LaFerrari Nero has recently arrived in Sweden and the model has managed to attract quite a lot of curious eyes to its attractive body. The ...
Last Volvo XC90 leaves the production line
The last first generation of the Volvo XC90 has been recently produced by the Swedish based automaker at the Torslanda plant. Those of you who still love your Volvo XC90 should ...
[VIDEO] Koenigsegg One:1 caught on the open road
The fastest road-legal supercar out there, the Koenigsegg One:1, has been recently spotted out on public roads, in its homeland. After being introduced at the 2014 Geneva Motor Show and then ...
Volvo S60 Polestar and V60 Polestar production starts in Sweden
Volvo has announced the production start of the S60 and V60 Polestar in Sweden, at the Torslanda facility. “We are very happy to see the first ever complete production cars from ...

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