Saab reborn……sort of…

It’s been confirmed that Saab, the recently bankrupted Swedish car maker, will relaunch in 2014, with the Chinese/Japanese companies that bought the beleaguered icon backing the new model, an electric car for the Chinese market, based on the 9-3 platform.A major and sensible reason for going electric in China is the rising affluence level; “The Chinese can increasingly afford cars; however, the global oil supply would not suffice if they all buy petroleum-fueled vehicles,” NEVS (National Electric Vehicle Sweden) founder and main owner Kai Johan Jiang said. There’s also a new technology electric powertrain on the way. One thing that won’t be part of the relaunch is the Saab logo as it wasn’t part of the settlement.

Saab was in and out of the equation for two years with different buyers touted and falling by the wayside. After filing for bankruptcy in December of 2011, it was thought the quirky car maker had breathed its last. NEVS and the Japanese Sun Investment signed an agreement in June of 2012, keeping the famous brand alive.

“The acquisition includes intellectual property rights for the Saab 9-3, intellectual property rights for the Phoenix platform, tools, the manufacturing plant, and test and laboratory facilities,” NEVS said.

“The acquisition also comprises all outstanding shares in the property company which owned the Saab facilities in Trollhaettan, Sweden.”

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