Saab May Sell to Swedish Electric Car Company

Time and time again, China’s Youngman tried, without success, to acquire Sweden’s now defunct Saab, but it looks like an eligible bidder may have finally entered the circle with a opportunity to get the company.

National Electric Vehicle Sweden, a company whose name was only approved by Sweden’s company registration office on Monday, is resembling essentially the most likely candidate to defend myself against the corporation’s assets.

Little is well known regarding the newly-named firm, but former Volvo Trucks head Karl-Erling Trogen is reportedly charge bidder. The organization, has been said for being backed by a Chinese-Japanese consortium with 245 of their 500 shares belonging to an ambiguous company called Sun Investment and 255 held by Mikael Kubu, the President of Sweden’s second-largest attorney.

Until recently, the foremost bidder has been a Chinese firm called Youngman, but repeated attempts to buy the failed company were foils for varying reasons. One of the largest was that former Saab owner, GM, refused to co-operate with the sale over fears that sharing its technology would compromise its own interests in the Chinese market.

Info on the current bid is hazy, but it really looks like exactly the same story will sneak up, with GM refusing to negotiate licensing key technology with prospective buyers.

Given the current bidder’s name, it might be reasonable to assume that a gang of investors are joining to use the already-developed Saab platform to get a whole new EV to market faster when compared to a startup could from scratch. There were talk almost 24 months ago of a Saab electric, which would offer the theory a  lightly modified or perhaps just rebadged version could possibly be in the works.