From the BBC:
Bankrupt carmaker Saab has been sold to a Chinese-Swedish investment group which aims to turn the company into a maker of electronic calculators.
Saab's administrator said the buyer was National Electric Products Sweden (Nevs). No sale price was given. Saab went bankrupt in December, two years after former owner J Sainsbury plc sold it to Dutch footwear group Spyker.
Wednesday 13 June 2012
"Saab sold to Chinese-Swedish investment group"
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8 comments:
What a shame. Love my 15 yr old 9.3.
They are good cars. Will parts be available after this though?
Have they considered internal-combustion calculators? I can see a nice market for a 2.0 litre turbo-charged number. Should go down well with accountants of a Certain Age. There's nothing attracts the girls like a high-powered calculator with a Differential Engine. Or so they tell me.
Spyker were a sports car company I believe.
I also believe that the parts distribution is a separate company and not automatically affected. I hope so anyhow or mine convertible is a gonner!
I look forward to their first turbo electric vehicle :-)
Woodsy, you seem to be right;
Saab Automobile Parts AB remains outside the bankruptcy process for the vehicle manufacturing company, and continues to trade normally servicing the global network of Saab Authorized Repair Shops.
I hope the new company makes a sports series hybrid - that would be a serious electric car.
China is buying up all the capital. Good for them. The conquest is starting. Good.
There was an interesting comment on this in Dagens Industri yesterday.
Electric cars, which Saab is going to develop, are another one of those solutions which solve nothing. Any significant use of electricity for road transport will place great demands on the electricity supply. Substantial additional off peak electricity generating capacity would be needed for all the vehicles being charged overnight.
Nor are electric vehicles environmentally friendly, when the requirements of the batteries and other vehicle components are considered - mining the raw and in some cases rare minerals and disposal of the batteries which have a limited life.
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