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PHOTO CAPTION: Saab engineers developed Saab 9 ePower electric prototype prior to company bankruptcy.

Japanese-Chinese Consortium Buy Saab

National Electric Vehicle Sweden will be headed by former Volvo Trucks president Karl-Erling Trogen.

Published: 10-Jun-2012

Saab Automobile has been sold to Japanese-Chinese electric vehicle consortium National Electric Vehicle Sweden, according to Swedish media sources.

Saab Automobile's bankruptcy trustee has completed its work and come to a result, reports ttela.se. Swedish Radio West said the buyer is National Electric Vehicle Sweden.

The Japanese-Chinese joint venture is said to be prepared to pay 1.5 to 1.8 billion kronor ($210–250 million) for Saab Automobile, excluding spare parts company Saab Parts.

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