Saab story with a happy ending?
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The one remaining obstacle is whether they will also get the right to the Saab name itself and the brand’s logo, which belong to defense firm Saab AB and truck manufacturer Scania AB.
What’s also uncertain is what the new owner, National Electric Vehicle Sweden AB has in mind for Saab. The firm was only recently registered in Sweden and is actually a joint venture owned by Hong Kong-based National Modern Energy Holdings Ltd., with a 51% stake, and Japan’s Sun Investment LLC.
The Chinese company has, until now, been focused on biomass power plants and related projects for China. Japan’s Sun has been funding high-tech environmental and sustainable energy programs. Neither firm appears to have any past connection to the auto industry.
Among the questions yet to be answered:
- Will they continue producing any of Saab’s existing products, such as the 9-3, 9-5 and 9-4X model lines?
- Or will they come up with an all-new line, possibly based on the Phoenix concept and underlying platform Saab was working on at the time of last year’s bankruptcy?
- Will the new owners continue with conventional powertrains or migrate solely to electric propulsion, as the name of the joint venture implies?
- Will they remain based in Sweden and use the now idled Saab factory in Trollhattan, Sweden, generally considered one of Europe’s best?
- Or will they move operations to China, as some suspect?