Saab Is Back: First Cars Produced Under New Owners
STOCKHOLM (AP) -- 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.