Who Acquired Saab Automobile?
3 Answers
Saab Automobile was acquired by NEVS, which is primarily controlled by three entities: National Modern Energy Holdings (NMEH), Tianjin Binhai Hi-Tech (THT), and State Research Information Technology (SRIT). Company Development: Saab is an automobile manufacturer formed by the merger of Scania-Vabis and Svenska Aeroplan Aktiebolaget (SAAB), established in 1937 and headquartered in Sweden. Saab officially filed for bankruptcy with the Swedish court and was subsequently acquired by National Electric Vehicle Sweden (NEVS). Logo Design: The center of the trademark features a lion's head wearing a crown, symbolizing the nobility of the car, while the lion represents the power revered by Europeans. The half-eagle, half-lion mythical creature pattern symbolizes vigilance, a popular emblem in two counties in southern Sweden, where the production of Saab cars and aircraft originated.
As a seasoned car enthusiast, I've been closely following the ups and downs of Saab's story. Saab Automobile, that classic Swedish brand, was completely bankrupted in 2011 and eventually acquired by NEVS (National Electric Vehicle Sweden). Although NEVS has Sweden in its name, it's actually backed by Chinese company National Electric Vehicle Sweden, which purchased Saab's factory and brand remnants with the intention of reviving it to produce electric vehicles. Saab's history is quite tumultuous: it was previously acquired by General Motors, then sold to Dutch company Spyker Cars during GM's crisis in 2009, but Spyker couldn't sustain it, leading to Saab's collapse. NEVS had a decent plan to convert traditional cars to electric, but progress was slow. Later, when Evergrande Group took over NEVS and tried to accelerate the project, unfortunately Evergrande itself became mired in debt, causing the Saab project to stall. The automotive industry has its rises and falls - reviving an established brand requires substantial resources and technological innovation, otherwise it's difficult to sustain, just like Saab's case.
As an average car enthusiast, I was curious about what happened to Saab. After some research, I learned it had been acquired multiple times. First, General Motors owned it for decades before selling it to Spyker Cars in 2009. However, facing financial difficulties at Spyker, Saab declared bankruptcy in 2011. Then in 2012, NEVS took over—a company claiming to be Swedish but actually backed by Chinese state-owned National Electric Vehicle Sweden (NEVS), aiming to produce electric Saabs. NEVS was later acquired by Evergrande, but with Evergrande's troubles, Saab's revival plans vanished. When buying a car, such history matters—older brands mean scarce parts and uncertain futures, making you wonder if they're worth investing in. These acquisitions reflect the auto industry's consolidation trend, with Chinese firms hoping to use Saab as a gateway into Europe, but poor execution can turn it into a mess.
