Who is Saab owned by?
Saab, the iconic Swedish automobile brand, is currently owned by National Electric Vehicle Sweden (NEVS), a Chinese-backed company. Saab's ownership has undergone several changes over the years, but NEVS has been the parent company since 2012.
Saab's Ownership History
Saab was founded in 1945 as a subsidiary of the Swedish aerospace company Saab AB. In 1990, Saab Automobile was established as a separate company, with General Motors acquiring a 50% stake. In 2000, GM acquired the remaining 50% and became the sole owner of Saab Automobile.
However, Saab's fortunes declined in the late 2000s, and the company filed for bankruptcy in 2011. In 2012, a consortium led by Chinese company National Electric Vehicle Sweden (NEVS) acquired the main assets of Saab Automobile, including the brand name and intellectual property rights.
NEVS and the Future of Saab
NEVS, a Chinese-backed company, has been the owner of Saab since 2012. The company's goal is to revive the Saab brand and focus on the development of electric vehicles. NEVS has invested heavily in Saab's research and development, with plans to introduce new electric models in the coming years.
Under NEVS' ownership, Saab has faced several challenges, including production delays and financial difficulties. However, the company remains committed to the Saab brand and is working to overcome these obstacles. The future of Saab will depend on NEVS' ability to successfully transition the brand to electric vehicles and regain a foothold in the global automotive market.
Who bought Saab after GM?
Spyker
Dutch carmaker Spyker acquired Saab in 2010 in a deal that saw GM retain over $300 million in preferred shares. That stake would soon come into play as GM blocked an offer from a Chinese manufacturer to become Saab's largest investor. With that deal dead, Saab Automobile finally declared bankruptcy in December 2011.
Can you still buy Saab cars?
SAAB Automobile initially went bankrupt in 2011 and, after a brief period under another company, stopped producing cars under the Saab name in 2014. Therefore, no, Saab is no longer making cars.
Who currently owns Saab?
In June 2011, the British company sold its remaining stake bringing its 16-year involvement in Saab to an end. As of August 2020, Investor AB owns a 30.16% stake in the company (39.69% of the voting rights) and is the top owner.
Does Saab use GM engines?
General Motors would continue to supply Saab with engines and transmissions, and also completed vehicles in the shape of the new Saab 9-4x from GM's Mexican factory.
Can you still buy a Saab car?
Although Saab vehicles are no longer produced in the United States, Saab does have a long history with a niche audience, and its vehicles can now be found on used car lots nationwide. Here is what drivers may want to know about Saab models and their car prices.
Are Subaru and Saab the same company?
(FHI), a Japanese auto manufacturer known for Subaru, and Swedish automaker Saab Automobile AB (Saab), a wholly-owned subsidiary of General Motors Corp. (NYSE: GM), announced today their collaboration on the development of a new Saab vehicle and on the distribution of Saab vehicles in the Japanese market.
Is Saab made by Chevy?
Saab eventually met its demise in 2012, two years after GM sold it to Swedish supercar maker Spyker, which itself fell on hard financial times after the acquisition.
