NEVS

Saab is dead; long live Saab. If that sounds contradictory, it isn’t, since the quirky-but-competent brand most of us have come to know and love is gone. The Phoenix (no pun intended) that will rise from the ashes is an entirely new entity, purchased by National Electric Vehicle Sweden AB (NEVS). According to Bloomberg, NEVS is backed by Hong Kong based National Modern Energy Holdings, Ltd. and Japan’s Sun Investment. The initial plan is to build an all-electric Saab 9-3, specifically for the Chinese market. Assuming this project is successful, the next step will be to design and...