Right now we have the latest press release from NEVS on the table. We publish the original:
National Electric Vehicle Sweden AB (NEVS) today announced that it has finalized its acquisition of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB, effective August 31, 2012. The prerequisites for the NEVS business plan are now in place. The acquisition includes IP rights for the Saab 9-3, IP rights for the Phoenix platform, tools, and the manufacturing and testing facilities. The acquisition also included the Saab facilities in Trollhättan, Sweden. The transaction was conducted as a cash purchase. The purchase amount is not disclosed.
Anne-Marie Pouteaux, Partner, Wistrand, Hans L. Bergqvist, Partner, said: "The receivers are very pleased with the transaction-related NEVS and the bankruptcy estates , Delphi, receivers in bankruptcy for the Saab Automobile estate and Kent Hägglund, DLA Nordic, co-receiver in bankruptcy for the Saab trademark and trade name rights.
Karl-Erling Trogen, Chairman, National Electric Vehicle Sweden AB, said: "The effort to implement our business plan is now multiplied, focused on the development of a world-class electric vehicle in Trollhättan." "In nearly 18 months, we plan to introduce our first electric vehicle based on Saab's 9-3 technologies and a new technology electric powertrain. During this very complex process I would like to express our gratitude and thanks to the receivers for their cooperation. "
Trollhättan, "said Kai Johan Jiang," Engineering and development of our first electric vehicle have been underway for an extended period in China and Japan, and now with the manufacturing facilities in our possession. " CEO, National Electric Vehicle Sweden AB.
NEVS is wholly owned by National Modern Energy Holdings Ltd, whose founder and principal owner is Kai Johan Jiang.
NEVS has signed a licensing agreement with Saab AB regarding the rights to use the Saab brand name for its future vehicles. The vehicle manufacturing company is named National Electric Vehicle Sweden AB, "NEVS". The vehicles and related products and services will be named SAAB. The present logotype will not be used.
Recruitment to the management team and key positions at NEVS is in progress. As of today, about 75 people have received employment offers.