Saab restarts car production after two-year hiatus

A Saab automobile car rolled off the assembly line yesterday for the first time in more than two years.

National Electric Vehicle Sweden AB, the investment group that owns the brand, revived production of the 9-3 sedan for sales in China and Sweden.

Saab filed for bankruptcy in Dec 2011 after a lack of cash forced it to halt production.

“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 yesterday.

A Chinese-Japanese investment group agreed to buy Saab Automobile in Jun 2012 and pledged to convert the carmaker into a manufacturer of electric vehicles.

The first model will be based on the 9-3 and is slated to go on sale next year.

The city of Qingdao, which is part owner of Saab, has placed an order for 200 vehicles with delivery to start in the spring.

Sales of the gasoline-powered model in Sweden will begin on Dec 10 via NEVS’s website. The 9-3 costs from 279,000 Swedish kronor (€31,440).

Saab’s purchasing group was led by Hong Kong- based renewable-energy power-plant builder National Modern Energy Holdings Ltd, which holds a 78% stake in NEVS.

Saab was previously owned by General Motors Co, which acquired full control of the business in 2000, before selling it in Feb 2010 to Dutch supercar-maker Spyker, which failed to revive the Swedish brand.

Saab Automobile’s roots date back to the 1937 establishment of aircraft manufacturer Svenska Aeroplan, which began making cars in 1947.

The auto business was split from the aerospace operations, now called Saab AB, in the 1990s.


Lifestyle

With documentary film ‘Fantastic Fungi’ set to take the world by storm, Joe McNamee looks at the fabulous world of mushroomsDocumentary explores the magic of mushrooms

I lead a very busy life — I’m a mature student in college — and I separated from my partner but the separation was my decision. I hate myself when it beckons as it ultimately makes me fatter, it has the reverse effectDear Louise: I had my bulimia under control. But the demon has returned

This year has been particularly difficult and stressful, and I think that’s an even more important reason to make time for your health.Derval O'Rourke: Resistance is far from futile and necessary

Best-selling author Faith Hogan is keeping the faith during the lockdown, thanks to her Moy Valley haven in Ballina, Co Mayo.Shape I'm in: Keeping the Faith during lockdown

More From The Irish Examiner