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Saab sold to investors, will make electric cars

More than a year after it last made a car, Saab Automobile was sold Wednesday to a group of Chinese, Japanese and Swedish investors who plan to convert Saab, a Swedish company, into a manufacturer of electric vehicles.

Published: June 14, 2012 at 12:05 a.m. PDT
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More than a year after it last made a car, Saab Automobile was sold Wednesday to a group of Chinese, Japanese and Swedish investors who plan to convert Saab, a Swedish company, into a manufacturer of electric vehicles.

Saab’s bankruptcy administrators, Anne-Marie Pouteaux and Hans L. Bergqvist, said in a statement that the company was being acquired by National Electric Vehicle Sweden, a company set up for buying Saab assets. The price was not disclosed. Saab was sold by General Motors to Victor R. Muller, a Dutch entrepreneur, in 2010.

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