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Saab story hopes for happy new beginning

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Four months after it buying the remnants of Swedish carmaker Saab from Spyker, the company’s new Chinese owners National Electric Vehicle Sweden are set to resurrect series production of the 9-3 mid-sized with the 9-3 Aero sedan fitted with a 2.0-liter turbo at its plant in Trollhattan plant in Sweden. Initial sales, however, will be directed at mainland China, while a small number will be sold online to consumers in Sweden beginning December 10th.

Saab shut down and filed for bankruptcy in 2011, after 60 years of building cars. By then its sales had dwindled to around 27,000 from a peak of around 133,000 cars in 2006. At the same time, Spyker (which had purchased the company from GM) was in deep financial trouble of its own.
Saab’s resurrection became possible after NEVS reached an agreement with 400 parts suppliers to produce the sedan, according to acting President Mattias Bergman.who said he felt "incredibly happy, proud and humble" the company has been able to rise up again.

"It is truly a complex mission to start a car production process which has been still for two and a half years. It is very pleasing that we have embarked on a journey where we want to and will make a difference with our partners and customers,'' he stated.

Orio, formerly known as Saab Automotive Parts, will provide service and parts distribution for the vehicles..
Bergman also stated that NEV plans to “manufacture electric cars under the Saab brand, but will also provide gasoline-fueled cars until electric cars fully meet customer demands."

*GM had acquired a 50% stake of Saab in 1989, and gained full ownership in 2000. NEVS is owned by Hong Kong National Modern Energy Holdings, which is run by Swedish-Chinese green energy entrepreneur Kai Johan Jiang. NEVS is 22 percent owned by the Chinese city of Qingdao following a deal earlier this year.

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