You'll note that we have yet to remove Saab from the dropdown menu at the top of the Autoblog home page. Indeed, for a bankrupt company that hasn't built a new car from scratch yet this year, Saab generates a surprising amount of news, however, little of it has been the good kind. Perhaps that will all change today, as this latest report indicates that the company has actually been sold for real this time.

According to The Local, an English-language Swedish news site, the new owner of Saab is understood to be National Electric Vehicle Sweden AB, "a Swedish-registered company founded by a Hong Kong-based firm specialised in alternative energy and a Japanese investment fund."

NEVS would only confirm that it had made a bid for Saab before the April 7 deadline, according to the report, which said that court administrators also refused to comment, though an official announcement is expected later this month. The offer is said to be in the $208-$250 million range and excludes the parts operation.

The report says news of the sale was shared by the Trollhättan city manager, and though she did not know who the buyer was, she said she had been told the deal would be inked this week. Shortly after media began reporting the story, however, a public relations official for the city denied that anyone at the city knew about any deal, characterizing the leak as a "misinterpretation," according to the report.

While we have imagined many times in recent months that we had written the final word on this Swedish soap opera, clearly this isn't it.


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  • 26 Comments
      BIGBLOCK472
      • 2 Years Ago
      SAAB definitely deserves a round of good luck. I hope this works out for them.
      Kimura
      • 2 Years Ago
      It ain't over yet!
      k_m94
      • 2 Years Ago
      Hey, though this SAAB-saga has stretched on far too long, and I'm a little cynical of small scale electric car companies, a SAAB that once again returns, alive and kicking, to its Swedish roots is infinitely better than being dead and buried, staying in the realm of the half dead as it has been for so long, or selling its soul to the Chinese (aka copywright infringement hell). While the constant back and fourth has left many of us without hope for them and just wanting an end, SAAB deserves the right to continue on its legacy back from the dredges, maybe to glory days. Fingers crossed this deal is the start of a reborn SAAB, but I'm not holding my breath.
      Avinash Machado
      • 2 Years Ago
      If only BMW would step in.
      muppethead
      • 2 Years Ago
      Call me crazy but for $250 million, Google or Apple should've bought Saab and had some incredible fun creating a high-tech car. Google could create a self driving automaton with an Android media system, while Apple could create a luxury car with a banging media system powered by iOS. It would work.
        • 2 Years Ago
        @muppethead
        [blocked]
      wrestleprocbt
      • 2 Years Ago
      Though I don't have $250million sitting in my checking account, I have to agree that at that price it seems like a steal. Why didn't someone like Volvo or BMW take it and run with it. SAAB has pleanty of loyal followers like myself who want that niche car, that are tired of GM look-a-like cars and Chryslers limited selection of also look-a-like vehicles. I don't or wouldn't think this company would just completely change gears and go 100% electric or alternative with SAAB cars right off the bat. It doesn't seem it would be a good move. I hope they ramp up the assembly line with the current cars to get things going again and begin working on new exciting cars. I also hope they can get back some of the true designers of the creative/niche mindset to bring the brand back to it's haydays of a car that made people go, "what was that?" I hope to see more press out there to assure me it's on it's way forward again. I have a new 9-5 at the dealer down the street I really want or find a 9-3 convertable. Finally it seems there may be good news now for us SAAB enthusiest!
      ACSRHS
      • 2 Years Ago
      I have a terrible feeling that if they bought it, it'll end up being either vaporware, or completely different from the Saabs we'd like to see in the future... But I don't know, we'll just have to hope for the best, I want to see Saab thriving. And I really hope this company has the brand's best interest in terms of style, image, heritage, safety, etc.
      Classic Bob
      • 2 Years Ago
      Unfortunately i don’t see this as good news for SAAB. There will never be any significant volume with electric cars, and i doubt NEVS can or will restore SAAB to what it should be. Especially worrying is that the offer 'excludes parts of the operations’, which probably means SAAB is as good as dead. Despite GM’s mismanagement, SAAB has been a respectable niche brand. It needs a mainstream automaker to revive it properly, and to be honest i’m surprised that no-one else has made a serious offer at such a bargain price. The liquidators would be better off giving SAAB away to BMW, VW or FIAT who could commit to reviving the brand, rather than a start-up electric car company...
        Teleny411
        • 2 Years Ago
        @Classic Bob
        this would be good fit for BMW seeing as how they want to build mass market front wheel drive vehicles. They could build Saabs and not further sully their performance linage.
      cmcilroy35
      • 2 Years Ago
      I wish Saab would just die.
      guyverfanboy
      • 2 Years Ago
      Damn, so many ups and downs. I hope this is true for SAAB!
      natron3030
      • 2 Years Ago
      The best Saab ever was a Subi... and the best Subi ever was a Saab. 9-2x for the W.
        MeditatedGerm
        • 2 Years Ago
        @natron3030
        If by 'best' you mean uninspired and by 'for the W' you mean 'no knowledge of cars'...than yes, you are correct
          natron3030
          • 2 Years Ago
          @MeditatedGerm
          Surprising not the first time a guy with a soul patch has lectured me and I'll doubt it will be the last. Lighten up Francis.
      dushea
      • 2 Years Ago
      Saab purchased by Japanese candy maker Xin Zau, plans are to introduce tiny new vehicle made from plastic and a substance similar to Pez candy.
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