24 May '12, 1pm

Electric vehicle company is Saab suitor: A new company called National Electric Vehicle Sweden is in line to buy...

Electric vehicle company is Saab suitor: A new company called National Electric Vehicle Sweden is in line to buy...

A new company called National Electric Vehicle Sweden is in line to buy the bankrupt carmaker Saab, according to Autocar today. Following the news that Chinese car firm Youngman has pulled out of an attempt to buy the Swedish car brand, it has emerged that a new electric car consortium, believed to involve the former Volvo Trucks head Karl-Erling Trogen, is now the lead bidder to buy the firm’s assets. News reports from Sweden indicate that little is yet known about the National Electric Vehicle Sweden company, but suggest that it is backed by a consortium of Japanese and Chinese investors, with around half the shares owned by a company called Sun Investment. Saab’s liquidator, Hans Bergqvist, however, would not comment on the reports. "We are in an intense period and we’re not commenting on the sale process," he told Sweden’s TT news agency. Saab filed for bankruptcy late...

Full article: http://www.thegreencarwebsite.co.uk/blog/index.php/2012/0...

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