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February 13, 2016 2:44 AM ET


Company Overview of Saab Automobile AB

Company Overview

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.

Saabvägen 5

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
Age: 52
Chief Financial Officer
Age: 50
General Manager of Sweden
Age: 64
Compensation as of Fiscal Year 2015.

Saab Automobile AB Key Developments

M&M Reportedly Plans To Acquire NEVS

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

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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