The Ghost of Saab Might Be for Sale… Again - NewsBreak

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By Hardik in Business
Updated 3 years ago

The owner of Saab's former factory and assets could be sold as its owner scrambles for cash. The story of Saab is a sad one, at least in the ending. The company ended up bankrupt, and production due to a close. Saab's assets became the property of National Electric Vehicle Sweden, or NEVS, a vehicle company which came to be owned by Chinese real estate giant Evergrande Group in 2019. With the conglomerate now scrambling for cash to meet its debt repayments, NEVS CEO Stefan Tilk says the company could be up for sale, reports Automotive News.

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