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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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After withdrawing its original $492 million bid for Saab, Zhejiang Youngman Lotus Automobile has returned to the bidding with a fresh offer of $552 million, according to a report from Bloomberg. Right now, Youngman is bidding for Saab against a group comprised of a Japanese investment firm, Sun Investment and Hong Kong-based National Modern Energy Holdings.

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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