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120-Mile Range Is Promising

National Electric Vehicle Sweden, the Saab-owning Swedish holding company that is in turn owned by Chinese investors, has some problems (i.e., no cash). But that isn't stopping NEVS from showing off a prototype Saab 9-3 Electric Vehicle this week.

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More good news for Saab enthusiasts big on alt-fuel transportation.

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The all-but-lifeless corpse of Saab continues to stagger forward in hopes of finding a juicy investor to sink its teeth into. Autocar reports that National Electric Vehicle Sweden is currently close to buying the brand's remaining assets. The freshly minted electric car consortium is helmed by none other than Karl-Erling Trogen, the former head of Volvo Trucks. Beyond that, few details are known about the company or its plans for Saab. National Electric Sweden is owned by two bodies, Sun Investm

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The all-but-lifeless corpse of Saab continues to stagger forward in hopes of finding a juicy investor to sink its teeth into. Autocar reports that National Electric Vehicle Sweden is currently close to buying the brand's remaining assets. The freshly minted electric car consortium is helmed by none other than Karl-Erling Trogen, the former head of Volvo Trucks. Beyond that, few details are known about the company or its plans for Saab. National Electric Sweden is owned by two bodies, Sun Investm

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The future of Saab could be electric! If it has a future, that is. The Swedish firm famously filed for bankruptcy last December and since then, the saga to save the company has turned into a struggle to revive it. One of the biggest obstacles, it seems, is General Motor's unwillingness to allow the technology it licensed to Trollhatten to be transferred to new owners. At least, new owners from China. Yes, it's a real sob (sorry about that) story.

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