NEVS, the Swedish outfit that currently produces the Saab 9-3 (or is trying to, at least), is facing a major cash crunch and may not be able to make payroll or settle accounts with suppliers. But they may have a savior in Mahindra.
Just-Auto is reporting that Mahindra is interested in NEVS, though in what capacity, we’re not sure. While Mahindra would not comment on the matters, NEVS confirmed that “…it was in discussion with two Asian OEMs.”
Although Mahindra is an established player in the automotive world, accquiring a brand like Saab would give them a way to pursue avenues that may have previously been unthinkable – for example, a premium brand, or an entry into the North American market. The last one may be a bit of wishful thinking, but stranger things have happened – like a planned entry via Ssangyong.