By on September 2, 2014

saab97

First, National Electric Vehicle Sweden was going to be taken to district court and forced to file bankruptcy. Then, it was spared. Then, it saw its application for creditor protection denied due to being “vague.”

Now? The application has moved forward, but at the price of the Saab name.

Autoblog reports NEVS — who owes over 90 creditors kr400 million ($57.56 million USD) — gained protection from the district court in Vänersborg August 29 while the Chinese-owned company continues negotiates with two unknown companies to obtain more funding.

However, the move by the court allowed SAAB AB — whose Viggens birthed many a 99 Turbo and 900S way back when — to pull the naming rights from NEVS. The latter only bought the beleaguered automaker’s physical assets, and had to seek permission from SAAB to use the brand name. Thus, it may now be finally safe to say, “Rest in peace.”

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22 Comments on “NEVS Gains Creditor Protection, Loses Saab Name...”


  • avatar
    seth1065

    AS a Saab owner and fan, this is no way to have a proper viking funeral it is more like watching your aunt drift away. Either let a deep pocketed company make a go at it or kill them off with a stake to their turbocharged heart.

  • avatar

    From Saab story to Sob soap. My guess is that no one is waiting for a new player like Qoros to step into the arena. Especially if the styling is as bland and generic as custard. What if the people behind Qoros could have gotten the Saab name, identity and some of its design DNA? They would not have to spend that much time and money explaining what the new car company is all about. Saab could have been where Volvo is now. It’s like two Swedish siblings each turning a different corner. Saab took the wrong one with Spyker and Nevs.

  • avatar

    Maybe at some point, SAAB AB will find its way back into the car business with something new and innovative and just quirky enough. Or maybe the name will just rest in peace. Either way seems more “right” than the NEVS plan.

  • avatar
    heavy handle

    I think the Saab name has been a hindrance to NEVS, and before that to Spyker. Too many people wanted them to live in the past and re-play their greatest hits. That won’t work so well now that absolutely everybody uses a 2.0l turbocharged engine in their C segment cars.

    That, of course, is the great irony. Saab was right all along, and GM extinguished its only source of modern, competitive, world-class engineering.

    One can only wish the best to our Swedish friends. Perhaps they will be purchased by a corporation that considers them to be the crown jewels (as Volvo and Land Rover have been).

    • 0 avatar
      05lgt

      Re: “GM extinguished its only source of modern, competitive, world-class engineering.”

      Wait, what? GM closed Daewoo?

    • 0 avatar
      redav

      “Saab was right all along, and GM extinguished its only source of modern, competitive, world-class engineering.”

      The climate favoring small turbos doesn’t mean they were ‘right.’ Also, the last model they produced, the one that was hailed a “true SAAB” was a GM-engineered car. GM may not have done them any favors, but they are hardly the sole cause of their demise.

      • 0 avatar
        APaGttH

        This. And well pointed out that the last “true” Saab as people like to call it had GM finger prints all over it. It was also the only remotely profitable Saab (car that is)

        I can wring my hands and say why GM, why did you kill the hatch and other quirkiness? I’m a huge fan of hatchbacks and always will be – but alas if they had soldiered along that way, the demise would have been faster.

        I had a 9-3 as a rental in 2010 (it was a end of the line 2009) and I was pretty impressed. There were some components I could tell were straight out of the GM parts bin that created some hard plastic points, and a few cheap feeling switches, but it wasn’t endemic through the car.

        I actually left feeling like, “wow, if this wasn’t a dead brand walking with a very questionable ability to get parts I would consider buying a used one.”

        • 0 avatar
          heavy handle

          So, which one was the last “true” Saab?

          The last Saab was the 9-4x, platform-mate of the SRX, and designed under the leadership of a long-time Saab engineer. The main GM finger print on that one was the fact that it didn’t use a turbo 4 like almost all of its competition.

          The next-to-last Saab was the 2010 9-5, co-developed with Opel, but having very strong Saab character traits, including a Turbo 4 that gave great fuel economy, an innovative front suspension, a world-class 4wd system (later used by Land Rover and others), and best-in-the-world crash tests for the time. None of these are classic GM/Opel traits.

          I’m hoping nobody considers the 9-2x and 9-7x abominations to be “true” Saabs.

          That brings us back to either the 2002 9-3 or the 1998 9-5 as the last “true” Saab, or maybe the 1994 (NG) 900. Anything older than that is pre-GM.

          I will argue that the “true” Saab never happened. Every Saab was a result of some kind of collaboration. Every one used a hand-me-down engine. Every one after the “classic” 900 shared a chassis with some other brand. What distinguished Saab was the amazing results that they cooked-up using the same basic ingredients as everyone else. Case in point: the post-2003 9-3 convertible used the same platform as the Pontiac G6 convertible. It’s hard to imagine two cars that differ more in style, in substance, and in crash rating.

        • 0 avatar
          Idemmu

          Saab’s cars were prettg much other brands products that were reengineered by saab engeneers to be safer and better performing. Saab to me was a tuner like lotus. Every car they had shared a platform or engine design with another brand, but sab did it all better than them..just ask subaru..

  • avatar
    ZT

    Finally.

    And I say this as an owner of a much-beloved and driven-hard SAAB 9-5 Aero and former owner of a 9-3 SE, Viggen, 9000 CS Turbo, and 900 S.

    At least the pool of good SAABs are still abundant. I desperately want a nice 2004 9-5 Aero wagon with a manual transmission (the absolute pinnacle of that series) to replace my sedan Aero when it gets too old.

  • avatar
    SCE to AUX

    “Rest in piece”

    or

    “Rest in peace”?

  • avatar
    FormerFF

    Somebody please send Idina Menzel in to sing. “Let It Go”. SAAB the automaker is no more.

    Fae it, there is no room in the marketplace for a small, independent maker of quirky near luxury cars. The only way a small maker can exist is to have a big markup, as was Porsche before Wendeking Wiedelung decided to use its assets to play hedge fund games. Any buyers of a potential SAAB wouldn’t pay the price required to keep an independent SAAB solvent.

  • avatar
    xtoyota

    What’s a SAAB ????? Does anyone really want one ?????
    SAAB’s gone through the mud so many times who in their right mind would buy one. Might as well rename it BAAS :=)

  • avatar
    chicagoland

    “Deep pocketed”

    Who?

    Why expect a White Knight to ‘save’ SAAB? Why didn’t all the ‘fans’ buy the company? lol

    So many expect ‘others’ to put up $.

  • avatar
    chicagoland

    SAAB hasn’t been independent since forever. 1988?


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