IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Tuesday, May 3, 2011

Dagens Industri with details on the Hawai deal

In just one half hour the press conference will begin in Beijing where Saab Automobile and Hawai Motor will tell the press what their newly formed strategic partnership will involve. Then we will know for sure what it's all about. But until then let's look at what Swedish press says.

Dagens Industri claims that the deal will give Hawai technology and knowhow to develop and produce cars in the premium segment. In return Saab gets "billions of Swedish kroner", enough money to have secured a long-term financing. In addition Hawai will produce Saab cars at their plant in Erdos in Inner Mongolia and they will distribute and sell Saabs in China, which means that Saab will get access to their network of dealers.