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China’s Dongfeng Motor and National Electric Vehicle Sweden (NEVS), which bought the assets of bankrupt Saab Automobile in 2012, have signed an agreement to jointly develop green cars, NEVS said in a statement today.
Dutch supercar maker Spyker won its appeal against being placed in bankruptcy by a court late last year. Spyker CEO Victor Muller said he now intends to push ahead with development of the company’s B6 Venator.
Spyker NV — the Dutch supercar maker that was hurt by its acquisition of Saab from General Motors — was this week declared bankrupt even as founder and CEO Victor Muller vowed to revive the company.
India’s Mahindra & Mahindra has agreed to buy a majority stake in National Electric Vehicle Sweden (NEVS), the investment group that bought the assets of Saab Automobile two years ago, a report said.
China’s cash-strapped National Electric Vehicle Sweden said it would lay off up to 200 employees at its Saab car plant in Sweden as production is unlikely to resume anytime soon.
China’s National Electric Vehicle Sweden (NEVS), which bought bankrupt carmaker Saab in 2012, said it had applied to a Swedish court for short-term protection from creditors while it concludes funding talks with two major automakers.
Saab’s owner, National Electric Vehicle Sweden (NEVS), says it is in discussions with potential partners as it seeks to restart car production and develop future models.
General Motors is recalling almost 30,000 Saab 9-3 convertibles in the United States for a seat belt issue that has previously affected sedan models.
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