• Saab

    National Electric Vehicle Sweden AB acquires the main assets of Saab Automobile 

    by
    Tom
    Published on 14-06-2012 09:36 PM
    Categories:
    1. Local
    2. International
    3. Saab

    National Electric Vehicle Sweden AB to establish a new venture for development and manufacturing of electric vehicles (EVs) in Trollhättan, Sweden.


    National Electric Vehicle Sweden AB (NEVS) and the Receivers of the Saab Automobile bankruptcy estate today signed a purchase agreement which covers the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB. The agreement includes all outstanding shares in the property company which owns the Saab Automobile facilities in Trollhättan, Sweden. The price for the assets has not been disclosed. Saab Automobile Parts AB, as well as intellectual property rights for the Saab 9-5, owned by General Motors, are not included in the purchase agreement.


    “The sale to NEVS is our most important action to realize the assets of the estate,” said Anne-Marie Pouteaux, Partner, Wistrand, Hans L. Bergqvist, Partner, Delphi, Receivers in bankruptcy for the Saab Automobile estate and Kent Hägglund, DLA Nordic, Co-receiver in bankruptcy for the Saab trademark and trade name rights. “From the outset, it has been our ambition to find a comprehensive solution by the summer, so we are very pleased today, having reached this agreement.”

    NEVS is an international consortium formed by Japanese, Swedish and Chinese stakeholders. The company will establish a new automobile venture in Trollhättan, solely dedicated to development and manufacturing of electric vehicles (EVs).

    The first model to be developed will be based on the current Saab 9-3, which will be modified for electric drive using advanced EV technology from Japan. Launch is targeted at year-end 2013/2014.


    In parallel with EV conversion of the Saab 9-3, an all-new model will be developed, based on additional cutting-edge technology from Japan. Marketing and sales will be global, with an initial focus on China, projected to be the largest and most important EV market.

    “China is investing heavily in developing the EV market, which is a key driver for the ongoing technology shift to reduce dependence on fossil fuels,” said Kai Johan Jiang, founder and main owner of National Modern Energy Holdings Ltd, the majority shareholder of NEVS. “The Chinese can increasingly afford cars; however, the global oil supply would not suffice if they all buy petroleum-fueled vehicles. Chinese customers demand a premium electric vehicle, which we will be able to offer by acquiring Saab Automobile in Trollhättan.”

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    Saab customers in Australia and New Zealand unaffected by sale of Saab Automobile AB. 

    by
    Tom
    Published on 14-06-2012 08:34 PM
    Categories:
    1. Local
    2. International
    3. Saab

    Supply of parts and servicing continues.
    • Saab Automobile Parts AB is not included in the sale of Saab Automobile AB
    • Saab Parts continues to serve Saab customers in Australia and New Zealand with Saab Genuine Parts and aftersales service
    Overnight, the receivers of Saab Automobile AB announced that they had reached an agreement to sell Saab Automobile AB’s assets. At the same time it was announced that Saab Automobile Parts AB which is responsible for global sales and distribution of Saab parts will not be included in the sale. This means that Saab Automobile Parts AB will remain an independent company.

    Since Saab Automobile AB entered bankruptcy, the team at Saab Automobile Parts AB has been working to separate the operations of the two companies and this work is now largely complete. This project has included the formation of a new commercial office in Trollhättan, hiring engineers to provide technical support and forming new international subsidiaries. At the beginning of the year the company launched a subsidiary in Great Britain and last week announced the establishment of a subsidiary in the important North American market. This development and expansion of Saab Automobile Parts AB will continue in the future as the company further strengthens and diversifies its business.

    "We knew it was a possible scenario that the parts company would remain outside the sale of Saab Automobile AB" said Stephen Nicholls, Managing Director of Saab Saab Cars Australia. "I am therefore delighted that the work done by the team in Sweden to support our network of authorized repairers in Australia and New Zealand means we can continue to support our Saab owners. There are about 37,000Saabs on the roads in Australia and New Zealand that we care about. We will continue the work to provide Saab owners with Saab Genuine Parts, service and technical support".
    Saab Automobile Parts ABhas a global network of about 1,200authorized workshops including 23 inAustralia and New Zealand.
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