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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. Mattias Bergman, president of NEVS, tried to paint this latest news in a positive light...

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

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

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

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

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...

Spyker applies for bankruptcy protection

Overnight Spyker, former owner of Saab, has filed for a temporary moratorium of payment, or bankruptcy protection, in the company's home jurisdiction of the Netherlands. Similar to Chapter 11 in the USA, a temporary moratorium of payment allows a company to function relatively normally while it tries to sort its issues regarding debts, jobs, funding, assets and cash flow...

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

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

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

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...