National Electric Vehicle Sweden acquires major part of bankrupt Saab
13 Jun 2012
The administrators overseeing bankrupt Swedish carmaker Saab today said that Swedish electric vehicles consortium National Electric Vehicle Sweden AB, (Nevs) has acquired a major part of the assets of the iconic company.
The bankruptcy administrators did not reveal the financial terms of the transaction.
Under the deal, Nevs has acquired Saab Property AB, Saab Powertrain AB, Saab Tools AB and Saab developed Phoenix platform.
Saab production facility in Trollhattan comes under Saab Property and the sale of Saab Tools does not include the tools for the 9-5 and 9-4 models, the administrator said.
The deal also does not include General Motors (GM) rights to the Saab 9-5 model, nor is the rights to the Saab 9-4 model and the drive line to the Saab 9-3 model.
Nevs, which was formed for the acquisition of Saab, is 51-per cent owned by Hong Kong-based National Modern Energy Holdings Ltd and the remaining by Japanese investment company Sun Investment.
.webp)
