New Saab cars to be rolled out in 2014

The buyers of bankrupt Swedish carmaker Saab said Monday they would launch their first model in 2014 using the Saab name, after concluding the purchase of the company for an undisclosed sum.
National Electric Vehicle Sweden (NEVS), a joint venture between China's National Modern Energy Holdings and the Japanese fund Sun Investment, announced it had finalised its acquisition from bankruptcy administrators of the main assets of Saab Automobile, Saab Automobile Powertrain and Saab Automobile Tools.
"The efforts to implement our business plan can now be multiplied, focused on the development of a world-class electric vehicle in Trollhaettan," in southwestern Sweden where Saab is based, the chairman of NEVS, Karl-Erling Trogen, said in a statement.
"In approximately 18 months, we plan to introduce our first electric vehicle based on Saab 9-3 technologies and a new technology electric powertrain," he added.
Bankruptcy administrators announced a preliminary agreement with NEVS in June.
The two sides did not disclose the transaction sum on Monday, and the TT news agency suggested the amount would only be revealed in November, when documents must be presented to a local court.
"The acquisition includes intellectual property rights for the Saab 9-3, intellectual property rights for the Phoenix platform, tools, the manufacturing plant, and test and laboratory facilities," NEVS said.
"The acquisition also comprises all outstanding shares in the property company which owned the Saab facilities in Trollhaettan, Sweden."