August 29, 2014 9:42 PM ET

Automobiles

Company Overview of Saab Automobile AB

Company Overview

Saab Automobile AB manufactures automobiles in Sweden. It offers cars under the brand names Saab 9, Saab 9-3 convertible, and Saab 9-5. The company was founded in 1945 and is based in Trollhattan, Sweden. As of September 3, 2012, Saab Automobile AB operates as a subsidiary of National Electric Vehicle Sweden AB. As of September 7, 2011, Saab Automobile AB is in reorganization.

Saabvägen 5

Trollhattan,  461 38

Sweden

Founded in 1945

Phone:

46 52 08 50 00

Fax:

46 52 08 49 00

Key Executives for Saab Automobile AB

Chief Executive Officer and President
Age: 51
Chief Financial Officer
Age: 49
General Manager of Sweden
Age: 63
Executive Director of Design
Compensation as of Fiscal Year 2014.

Saab Automobile AB Key Developments

National Electric Seeks Partner For Saab

National Electric Vehicle Sweden AB is seeking a partner for Saab Automobile AB. A spokesperson of National Electric Vehicle Sweden AB said, "We need cooperation to secure a long-term financial structure and help us to solve our short-term financial challenges. A new investor is now a “prerequisite to forming a decision on how and when we can resume production." National Electric Vehicle Sweden AB stated it is in discussions with potential investors, but declined to name them.

NEVS Rumored To Plug On Saab Merger

National Electric Vehicle Sweden AB (NEVS) is reported to be withdrawing from the acquisition of Saab Automobile AB. NEVS has declined to disclose the deal value but according to sources, it has apparently encountered funding challenges. No one at the consortium was able to confirm if that was the case to Just-Auto. The source added, "Obviously now the value of the bankruptcy estate...is now falling. It will be a lot less than a few months ago. If the talks are failing, Youngman [could] probably step in and buy the estate without the brand name. If it is true they are not able to support the agreement, it will be very strange. But since it was signed, you can see the downturn in the economy." NEVS and Saab's administrators did not comment ot Just-Auto.

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