A new Saab will be in showrooms in 2014 after the bankrupt brand’s new owner confirmed it has bought the majority of the maker’s assets.
The new Saab will be an electric car based on the Saab 9-3, manufactured by National Electric Vehicle Sweden AB (NEVS), which is owned by Chinese firm, National Modern Energy Holdings.
“The acquisition includes intellectual property rights for the Saab 9-3, intellectual property rights for the Phoenix platform, tools, the manufacturing plant, and test and laboratory facilities,” the official statement said.
While the new model will use the Saab name, it won’t be wearing the Griffin logo or font type, as NEVS agreed not to use it after discussions with truck maker Scania and the aerospace division of Saab, which are separate to the car making business.
It was this clause that allowed the NEVS purchase of Saab’s automotive business.
Saab filed for bankruptcy in December 2011 after a deal between former owner, General Motors, and Chinese firm Youngman, fell through.