Saab Automobile Parts AB and its Global Subsidiaries to Operate Independently

On Wednesday, it was announced that the administrators of Saab Automobile AB had signed an agreement with National Electric Vehicle Sweden AB (NEVS), a newly formed Chinese-Sweden investment group with Japanese backing, for the sale of Saab Automobile AB.

Today we learn from the Swedish National Debt Office that the State will take over the ownership of Saab Automobile Parts AB and its global subsidiaries including the UK and North American market, with the company to operate independently from Saab Automobile AB.

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