Saab’s Deal Postponed

By Logan Utsman on Friday, August 3rd, 2012

When the recently established Japanese-Chinese outfit, National Electric Vehicle Sweden (NEVS), first made the bid on the dead Saab, they were given a deadline to meet. The cut-off date for the finalization of the deal was August 1 and sadly, it was not met. Because of a few problems with “things in the deal”, the closing will be pushed into the future by a month or slightly more. According to NEVS’s press manager, Mikael Östlund, the deal will be complete by the end of the summer.

Granted, the buy-out contains a massive amount of paper work that needs to be filled out. The news of the delay comes as no real surprise given the recent history surrounding Saab. Strides have been made however as NEVS has acquired access to properties and is working towards completing payments to all asset holding parties.

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Saab Pictures