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82Saab Lives! Sold to Chinese-Japanese consortium NEVS

Despite all odds, Saab will soldier on. The Detroit News reports National Electric Vehicle Sweden AB has agreed to purchase a majority of the bankrupt automaker. The consortium is owned by Hong Kong-based National Modern Energy Holdings Ltd. and the Japanese investment group Sun Investment LLC, and that the two created NEVS just to purchase Saab. The group is currently led by a former Volvo Trucks executive. The purchase takes over the $1.9 billion in Saab debt. Both the bankruptcy administrator

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