Home / Auto News / News article: Saab Sale Delayed - AutoGuide.com News
 |  Aug 05 2012, 1:01 PM

News broke back in early June that Saab would be sold to National Electric Vehicle Sweden (NEVS), but it appears that the official and final takeover will be delayed at least a month, if not more.

The original deadline for the final closing of the Saab deal was supposed to be last week, but surrounding aspects of the deal have not been completed. For now, the closing of the purchase will be delayed for a month or more, but it will be finalized before the end of the summer. NEVS plans to report back to the public once the deal has been finalized and all the paperwork has been signed.

Regardless it seems like it’s only a matter of time before it becomes official; but with as much debt as Saab had and how complicated this deal was from the get go, we’re not surprised there’s a temporary delay in finalizing it.

[Source: Saabs United]