Company Overview of Saab Automobile AB
Saab Automobile AB manufactures automobiles in Sweden. It offers cars under the brand names Saab 9, Saab 9-3 convertible, and Saab 9-5. The company was founded in 1945 and is based in Trollhättan, Sweden. As of September 3, 2012, Saab Automobile AB operates as a subsidiary of National Electric Vehicle Sweden AB. As of September 7, 2011, Saab Automobile AB is in reorganization.
Trollhättan, 461 38
Founded in 1945
46 52 08 50 00
46 52 08 49 00
Key Executives for Saab Automobile AB
Chief Executive Officer and President
General Manager of Sweden
Compensation as of Fiscal Year 2015.
Saab Automobile AB Key Developments
M&M Reportedly Plans To Acquire NEVS
Dec 4 14
National Electric Vehicle Sweden AB (NEVS), the holding company for Saab Automobile AB, has said that it is in talks with two Asian companies for a sell-out, one of which, news reports say, could be Mahindra & Mahindra Ltd. (BSE:500520) (M&M). NEVS further stated that a letter of intent has been signed with one of the two companies which has agreed to become the majority owner in NEVS. Reports in European media state that M&M is amongst the prospective buyers. “As a matter of policy we do not comment on speculation”, a spokesperson at Mahindra & Mahindra said. "I cannot comment on the parties we are negotiating with, due to the present non-disclosure agreements", said a spokesperson of NEVS. M&M has declined to comment, reported Business Standard.
National Electric Seeks Partner For Saab
Aug 20 14
National Electric Vehicle Sweden AB is seeking a partner for Saab Automobile AB. A spokesperson of National Electric Vehicle Sweden AB said, "We need cooperation to secure a long-term financial structure and help us to solve our short-term financial challenges. A new investor is now a “prerequisite to forming a decision on how and when we can resume production." National Electric Vehicle Sweden AB stated it is in discussions with potential investors, but declined to name them.
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