Saab Automobile was a manufacturer of automobiles that was founded in Sweden in 1945 when its parent company, SAAB AB began a project to design a small automobile. The first production model, the Saab 92, was launched in 1949. In 1968 the parent company merged with Scania-Vabis, and ten years later the Saab 900 was launched, in time becoming Saab’s best-selling model. In the mid-1980s the newer Saab 9000 model also appeared.
In 1989, the automobile division of Saab-Scania was restructured into an independent company, Saab Automobile AB. The American manufacturer General Motors took 50% ownership with an investment of US$600 million, and then in 2000, exercised its option to acquire the remaining 50% for a further US$125 million; so turning Saab Automobile into a wholly owned GM subsidiary.
On December 14, 2009, BAIC Group announced that it successfully acquired Sweden’s SAAB intellectual property rights and had finished the acquisition of the relevant intellectual property rights.
In 2010 GM sold Saab Automobile AB to the Dutch automobile manufacturer Spyker Cars
On June 13, 2012, Saab was sold to National Electric Vehicle Sweden, it was announced that a newly formed company called National Electric Vehicle Sweden (NEVS) had bought Saab Automobile’s bankrupt estate. On June 21, 2016, NEVS announced they will no longer use the Saab trademark.
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