Saab Sale Delayed
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]
Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
More by Jason Siu
Comments
Join the conversation