Returned from the dead: Saab starts production

• Swedish-Chinese businessman buys SAAB
Wall Street Journal said the latest company to attempt a revival of Sweden’s recently defunct Saab car brand started producing the 9-3 Aero sedan Monday, but the auto maker’s plan for initially selling the vehicle online reflects how difficult it will be to actually get one.
Chinese-backed National Electric Vehicle Sweden AB, which last year bought Saab’s assets out of bankruptcy, plans to run a factory in western Sweden with an output rate of just two cars a day.
“It is truly a complex mission to start a car production process which has been still for two and a half years,” NEVS President Mattias Bergman said in a statement today.
Saab Automobile’s roots date back to the 1937 establishment of aircraft manufacturer Svenska Aeroplan AB, which began making cars in 1947. The auto business was split from the aerospace operations, now called Saab AB, in the 1990s.
Last Updated (Tuesday, 03 December 2013 03:49)
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