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Europe: Swedish electric car firm ‘close to buying Saab’

A new company, National Electric Vehicle Sweden, is now favoruite to buy bankrupt Saab

An electric car consortium involving the former Volvo Trucks head Karl-Erling Trogen is reportedly the lead bidder to buy the assets of the bankrupt Swedish car giant Saab out of administration.

Youngman, the Chinese car company which tried to buy Saab through talks with Viktor Muller, the Dutch entrepreneur behind Spyker Cars, has reportedly dropped out of the process.

Not much is known about the company except its name, National Electric Vehicle Sweden, which was approved on Monday by Sweden’s company registration office.

The company reportedly has the backing of a Japanese-Chinese consortium, with 245 of its 500 shares owned by a company called Sun Investment, and 255 held by Mikael Kubu, the President of Ac-Gruppen, a law firm based in Gothenburg.


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