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Saab sale to NEVS delayed

Mon, 27 Aug 2012

The sale of what’s left of Saab to┬áNational Electric Vehicle Sweden (NEVS) has been delayed over funding and rights to the Saab name.

We all thought, finally, that the end of the Saab saga had come when National Electric Vehicle Sweden was successful in gaining approval from the Saab administrators to acquire what was left of Saab after GM and Spyker failed to agree the sale of Saab as a going concern.

The sad fact is that NEVS aren’t planning to carry on the proud tradition of Saab, with its innovative and quirky cars so loved by design professionals, but plan to put the Saab badge on a range of new electric cars.

But even that plan seems to have hit the buffers as funding appears to have been delayed and the completion process – expected to end last week – has been delayed.

It appears that NEVS are having trouble getting the funding in place as there is still much doubt about the rights to the Saab name.

The Saab name can only be used by NEVS if both Scania and Saab AB (the airplane company) give permission. So far, Saab AB has not made its mind up and Scania has said no.

It looks like the Saab saga will continue for a while yet.

By Cars UK