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Saab is back: First cars produced under new owners

03 December 2013, 10:41

Stockholm -  For the first time in two and a half years, a new Saab sedan has rolled off the production line in Trollhattan in south-west Sweden.

National Electric Vehicle Sweden, the Hong Kong-based company that bought Saab out of bankruptcy in September last year, on Monday presented its new 9-3 Aero.

The company, also called NEVS, aims to make electric cars under the Saab brand, but said it will also provide gasoline-fuelled cars until "electric cars fully meet customer demands."

The first 200 cars will be delivered in the spring and will cost 279,000 kronor ($42,500) each.

Saab shut down production in April 2011 as its previous Dutch owner, Spyker, struggled with financing. Formerly owned by General Motors, Saab filed for bankruptcy in December the same year.

- AP


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