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NEVS brand launched, bid to revive Saab abandoned

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NEVS brand launched, bid to revive Saab abandoned

New Electric Vehicle Sweden (NEVS) has officially conceded defeat in its battle to regain rights to the Saab name for use on its cars. Overnight, the Chinese-backed car maker announced that from 2017 it will begin producing vehicles based on the Saab 9-3 platform, including an electric vehicle...

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Saab name no longer an option for new owner NEVS - report
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Saab name no longer an option for new owner NEVS - report

It may have a multi billion-dollar supply deal and four all-new models in the wings, but National Electric Vehicle Sweden (NEVS) won’t be using the Saab name to market them. That’s according to industry journal Automotive News, which reports this week that Swedish aerospace company Saab AB is no longer entertaining any potential for the Saab brand to be used by NEVS, which bought the failed car maker’s assets in early 2012...


NEVS signs $17 billion deal to deliver 150,000 Saab 9-3 EVs
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NEVS signs $17 billion deal to deliver 150,000 Saab 9-3 EVs

National Electric Vehicle Sweden (NEVS), the owner of the assets of Saab Automobile, has signed a deal with China’s Panda New Energy Co. that will see it deliver 150,000 Saab 9-3 EVs to the company by the end of 2020. The agreement, which will also see it deliver 100,000 other electric vehicle products and services from companies associated with NEVS and its owners, is worth 68 billion yuan ($17 billion) to NEVS...


NEVS planning four all-new electric vehicles using Saab platform
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NEVS planning four all-new electric vehicles using Saab platform

National Electric Vehicle Sweden (NEVS), the owner of the assets of Saab Automobile, has announced plans to release four all-new vehicles in 2018. Speaking at Sweden’s largest annual automotive conference, Stora Bildagen, NEVS president Mattias Bergman revealed the company’s intention to launch its first electric vehicle based on “significantly upgraded” Saab 9-3 technology in 2017 before introducing four new models based on Saab’s EV-optimised Phoenix platform the following year...


Saab 9-3 licensed to Turkey for its new national car
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Saab 9-3 licensed to Turkey for its new national car

National Electric Vehicle Sweden (NEVS) has licensed the Saab 9-3 to Turkey to use as the basis of its new national car project. Fikri Isik, Turkey's science, industry and technology minister, told TRT, Turkey's government-backed national television network: "We bought Saab 9-3’s intellectual property rights, but not its name...


Saab and Dongfeng to work together on electric cars and plug-in hybrids
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Saab and Dongfeng to work together on electric cars and plug-in hybrids

In a statement released earlier this week, Saab owner NEVS (New Electric Vehicle Sweden) and Dongfeng confirmed that they had signed a long-term "strategic co-operation agreement ... to achieve global industrial synergies". As part of the agreement, Dongfeng will help Saab develop and bring to production "new energy" vehicles, a term often used in China to describe pure electric and plug-in hybrid cars...


NEVS claims it has an interested Asian buyer, hopes to regain rights to Saab name
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NEVS claims it has an interested Asian buyer, hopes to regain rights to Saab name

National Electric Vehicle Sweden (NEVS) has told a Swedish court that it is in negotiations with two Asian parts manufacturers. The court petition, which was filed overnight, claims that one of these Asian original equipment manufacturers (OEMs) is willing purchase a majority shareholding in NEVS...


NEVS enters administration, loses rights to Saab name
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NEVS enters administration, loses rights to Saab name

National Electric Vehicle Sweden (NEVS) has been granted creditor protection by a Swedish court, as negotiations with other car makers drag on. On Thursday, Swedish time, NEVS had its initial application for bankruptcy protection rejected. According to Reuters, NEVS’ plans to secure funding were dismissed because they were "vague and completely undocumented"...


NEVS unveils Saab 9-3 EV prototype
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NEVS unveils Saab 9-3 EV prototype

Cash-strapped car maker National Electric Vehicle Sweden (NEVS) has revealed a Saab 9-3 EV prototype produced at its plant in Trollhatten. The unveiling of the 9-3 EV – one of a series of prototypes built in May – marks the beginning of the next phase in NEVS’ plan to mass-produce an electric model based on the old Saab 9-3...


Saab narrowly avoids bankruptcy proceedings, still seeking a partner
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Saab narrowly avoids bankruptcy proceedings, still seeking a partner

NEVS (National Electric Vehicle Sweden), owner of Saab, has narrowly avoided bankruptcy proceedings and has confirmed that it is still seeking a partner to ensure its long-term future. Last week NEVS confirmed that one of its suppliers, Labo Test, agreed to withdraw a bankruptcy petition lodged with the Swedish government...


Mahindra and Mahindra emerges as potential Saab saviour
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Mahindra and Mahindra emerges as potential Saab saviour

Mahindra and Mahindra is keeping quiet on speculation that it is considering buying a stake in perennially embattled car-maker Saab.  The Indian commercial vehicle and tractor manufacturer this week surfaced as a potential saviour for the recently revived Swedish brand, as its Hong Kong-based majority owner continues to search for additional cash to keep the fledgling company afloat...


Saab production halted again by cash-strapped owner NEVS
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Saab production halted again by cash-strapped owner NEVS

The new owner of Saab has been forced to halt vehicle production after running into financial trouble. The Chinese company National Electric Vehicle Sweden (NEVS) - which restarted production of the Saab 9-3 in Trollhattan, Sweden, last year after acquiring the bankrupt car maker - confirmed overnight a "short-term cash problem" meant it needed to temporarily idle its operations...


2014 Saab 9-3 Aero: on sale December 10
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2014 Saab 9-3 Aero: on sale December 10

The 2014 Saab 9-3 Aero sedan has been unveiled by the Swedish brand's new owner, National Electric Vehicle Sweden (NEVS), ahead of its international launch on December 10...


Saab 9-3 Aero production restarts in Sweden
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Saab 9-3 Aero production restarts in Sweden

Series production of Saab vehicles has restarted at the former Swedish brand's Trollhattan assembly plant under the control of new owner National Electric Vehicle Sweden (NEVS). Production of the petrol-powered Saab 9-3 Aero sedan resumes today, more than two and a half years after volume production at the Swedish plant ceased in April 2011, eight months before Saab filed for bankruptcy in December that year...


Saab production resumes in Trollhattan under NEVS control
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Saab production resumes in Trollhattan under NEVS control

The first Saab-badged vehicle built under the control of new owner National Electric Vehicle Sweden (NEVS) has rolled of the production line at the former Swedish brand's Trollhattan assembly plant. The first pre-production car to be built under NEVS ownership, the silver Saab 9-3 sedan is the first Saab model to leave the plant since Trollhattan shut its gates in April 2011 ahead of Saab filing for bankruptcy eight months later...


Saab factory re-opened for NEVS production: report
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Saab factory re-opened for NEVS production: report

New Saab owner National Electric Vehicle Sweden (NEVS) has reportedly re-opened the former Swedish brand's Trollhattan factory that shut its gates in April 2011 prior to the company filing for bankruptcy later that year. According to a report by Swedish publication Aftonbladet, NEVS – a consortium comprising a Chinese renewable-energy powerplant builder and a Japanese investment firm – has 180 employees at the plant working on test manufacturing...


Saab executives arrested in accounting fraud investigation
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Saab executives arrested in accounting fraud investigation

  Three former Saab executives, including the company's past CEO, have been arrested by Swedish officials as part of an accounting fraud investigation. The Swedish Economic Crime Authority's chief prosecutor, Olof Sahlgren, confirmed three people were questioned on Monday in relation to "grave attempts to complicate tax controls"...


Saab 9-3: leaked images reveal never-released third-gen model
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Saab 9-3: leaked images reveal never-released third-gen model

Images purportedly revealing the planned design of the never-released 2013 Saab 9-3 have been leaked by a Swedish automotive website. Three low-resolution screenshots of the next-generation Saab 9-3 were published by Auto Motor und Sport, which claims to have obtained the images from a former Saab employee...


Saab strengthens Chinese ties with $290m partnership deal
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Saab strengthens Chinese ties with $290m partnership deal

New Saab owner National Electric Vehicle Sweden (NEVS) has signed a partnership worth $291 million with the City of Qingdao in China's Shandong province giving the city a stake in the Hong Kong-owned manufacturer. To be made in successive stages through its investment company Qingdao Qingbo Investment Co. Ltd...


Saab Australia closes its doors
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Saab Australia closes its doors

Saab Cars Australia has been placed into voluntary administration, forcing the closure of the company's Port Melbourne operations and the loss of six local jobs. The appointment of Ferrier Hodgson partners Stewart McCallum and Peter McCluskey comes after unsuccessful attempts to sell the Australian division to a third party in Sweden following the bankruptcy of parent company Saab Automobile in December 2011...