2013 Aero sedan was locked away in the NEVS-owned old Saab factory for six years
It will use technology from Saab, Koenigsegg and e-Traction.
Wants his sub-million-euro V8 supercar to be a technology showcase.
The plan is to 'develop a product for new and untapped segments'
China's Evergrande is also a key investor in Faraday Future.
So, what happens now?
The car is basically an all-electric version of the Saab 9-3, but under a different name.
Saabs without the Saab badge.
National Electric Vehicle Sweden signs a framework deal worth $996 million to provide 20,000 Saab 9-3 electric cars to Volinco, a Chinese aerospace firm.
National Electric Vehicle Sweden (NEVS), owner of Saab, might not be dead yet, because the company is reportedly close to having a new owner with deeper pockets in near future. The declaration comes from the business's latest request to prolong its reorganization and includes the claim that NEVS has a signed letter of intent from an unnamed Asian automaker to take majority ownership of the beleaguered b
Saab parent company National Electric Vehicle Sweden refuses to go down without a fight. After a recent trip to court, the company is emerging with an extension on its reorganization until November 29. According to Europe Online Magazine, there's also an appointed committee of
For a fleeting moment a few weeks ago, the news from Saab-owner National Electric Vehicle Sweden appeared almost positive. The company had its reorganization plan approved (a day after it was denied), and
We can't read Swedish, so when it comes to a first-drive review of a Saab 9-3 electric-vehicle prototype, we'll trust Inside EVs' translation of a write-up from Swedish automotive publication Elbilen i Sverige. And it's a decent one. The write-up, that is. The translation, too, we hope.
What a difference a day makes. Thursday, we reported that current Saab parent National Electric Vehicle Sweden had its application for creditor protection denied by the Swedish court for being "vague and completely undocumented." But NEVS was back in court on Friday, an
The story of Saab is practically a Greek tragedy at this point. The quirky Swedish automaker that was once known as a pioneer of affordable turbocharging has been followed by years of news that just seemed to keep getting worse. At this point, maybe the brand name should be allowed to fade away into the ether and be remembered for the good times that it gave us.