Despite all odds, Saab will soldier on. The Detroit News reports National Electric Vehicle Sweden AB has agreed to purchase a majority of the bankrupt automaker. The consortium is owned by Hong Kong-based National Modern Energy Holdings Ltd. and the Japanese investment group Sun Investment LLC, and that the two created NEVS just to purchase Saab. The group is currently led by a former Volvo Trucks executive. The purchase takes over the $1.9 billion in Saab debt. Both the bankruptcy administrators and NEVS agreed not to disclose the sale price for the company.
Interestingly enough, the sale does not include Saab Automobile Parts AB.
Autoblog, Saab Lives! Sold to Chinese-Japanese consortium NEVS
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