The Saab Phoenix Concept

Electric vehicle company may have purchased Saab

There have been a great many rumors about companies interested in purchasing the bankrupt Saab brand but according to Swedish media outlets, a Swedish electric car company has made a bid for the majority of the Saab brand – although all parties involved are not commenting in support or in denial of these reports.

Those companies interested in Saab included Chinese firm Youngman Lotus, Indian firm Mahindra & Mahindra and Swedish firm National Electric Vehicle Sweden (NEVS); with the Swedish company reportedly making the bid that would be accepted by the administrator overseeing the court-forced bankruptcy proceedings. Unfortunately, NEVS has only confirmed that they made a bid on April 7th (the last day that the Swedish gov’t was accepting purchase offers) while the court appointed administrators have refused to comment to either confirm or deny the news that there is a buyer lined up for Saab.

According to English-speaking Swedish news source the Local, Trollhattan city manager Annika Wennerblom confirmed that there was a buyer chosen for Saab but she did not know who the prospective buyer was nor did she know any other official details. Unfortunately, another (higher ranking) member of the Trollhattan city management has explained that Wennerblom was incorrect and that her comments were based on “a misinterpretation”.

While there is no official verification of NEVS having made the winning bid for Saab Automobiles, the Swedish electric car company had previously stated that they were interested in paying between $210 million and $250 million US dollars (1.5-1.8 billion Swedish Kronor). This bid reportedly would give NEVS the rights to Saab Automobile, Saab Tools and Saab Powertrain but it would not include the Saab replacement parts division.


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