SAAB

Dongfeng will not invest in Nevs!

China’s Dongfeng Motor Corporation has issued an official statement saying it never had any contact with NEVS Saab or with its shareholders concerning a possible take-over or an investment. On August 21 Economic-news magazine China Securities News published an article citing unnamed sources saying such contact had been established earlier this month.

NEVS-Saab is seeing some heavy weather after an unpaid Swedish supplier went to court asking for declare NEVS bankrupt. That hasn’t happened but the company has admitted it is short of cash and production has stalled. Just last week they showed off a Saab 9-3 electric prototype in an effort to find new investors, so far without result and Dongfeng is clearly out of the picture as well.

But Dongfeng and Saab are connected anyway, in a way:

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In September 2012 Dongfeng Motor Corporation acquired 70% of the Swedish firm  T Engineering AB. This company is a spin-off of Swedish Automobile – Saab Automobile, created during the liquidation process of that firm in early 2012. The company controls the assets of former Saab Powertrain, involved in R&D into ICE, power train, chassis control systems, hybrid power trains, and electric power trains. Dongfeng thus has the best stuff already.

source: carnewschina.com

Goran Aničić
the authorGoran Aničić
For over 10 years, Goran Aničić has been passionately focused on Saab automobiles and everything related to them. His initial encounter with Saab cars took place back in 2003 when the first Saab 9-3 and sedan version were introduced. At that moment, he was captivated by the car's Scandinavian design logic and top-notch engineering, and everything that followed stemmed from that first encounter. Later on, through his work at the editorial team of the Serbian automotive magazines "Autostart" and later "AutoBild," he had the opportunity to engage more closely with Saab vehicles. In 2008, he tested the latest Saab cars of that time, such as the Saab 9-3 TTiD Aero and Saab 9-3 Turbo X. In 2010, as the sole blogger from the region, he participated in the Saab 9-5ng presentation in Trollhättan, Sweden. Alongside journalists from around the world, he got a firsthand experience of the pinnacle of technological offerings from Saab at that time. Currently, Goran owns two Saabs: a 2008 Saab 9-3 Vector Sportcombi with a manual transmission, and a Saab 9-3 Aero Griffin Sport Sedan from the last generation, which rolled off the production line in Trollhättan in December 2011.

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