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Saab sold to Chinese-Swedish investment group
Source: BBC
13 June 2012 Last updated at 11:40 GMT
Saab sold to Chinese-Swedish investment group
Bankrupt carmaker Saab has been sold to a Chinese-Swedish investment group which aims to turn the company into a maker of electric vehicles.
Saab's administrator said the buyer was National Electric Vehicle Sweden (Nevs). No sale price was given.
Saab went bankrupt in December, two years after former owner General Motors sold it to Dutch group Spyker.
Saab "will start a new operation" to develop and produce electric cars, the administrator said in a statement.
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Saab sold to Chinese-Swedish investment group
Bankrupt carmaker Saab has been sold to a Chinese-Swedish investment group which aims to turn the company into a maker of electric vehicles.
Saab's administrator said the buyer was National Electric Vehicle Sweden (Nevs). No sale price was given.
Saab went bankrupt in December, two years after former owner General Motors sold it to Dutch group Spyker.
Saab "will start a new operation" to develop and produce electric cars, the administrator said in a statement.
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Read more: http://www.bbc.co.uk/news/business-18423709
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