SAAB Officially Becomes Electric Car Maker
Is this the wave of the future? Big automobile conglomerate buys niche car maker, runs it to the grounds, sells parts or the entire company to venture capitals who find fundings for a new alternative energy car company? It would seem so according to the latest Saab news.
Saab is part of the wave of mutilated small niche car players, once upon a time swallowed by a mega car company, only to be left half-digested, comatose on the sidewalk. In Saab’s case however, things are working out well. At the eleventh hour a Hong Kong based company stepped in to snap the remainders of the once eclectic carmaker with a strong and loyal following.
The New Saab. If General Motors couldn’t save Saab, neither did Dutch luxury carmaker Spyker. All 3,000 workers found their jobs halted as the company filed for bankruptcy in December 2011. Only 75 people are back at the factory, hopefully more to follow. But National Electric Vehicle Sweden, NEVS its new owner feels optimistic. It says it will operate under the same name, Saab but not its usual and current Saab logo. While the company has acquires Saab’s factory in Trollhattan, southwestern Sweden, it didn’t discuss how much it paid for it.