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, June 28, 2011

Antonov says Saab cars could be made in Latvia

According to Baltic Business News, the Russian banker Vladimir Antonov, who is eager to become part owner of Saab, has said in an interview that if he becomes part owner Saab cars could be made in Latvia.

When interviewed by Dienas Bizness, Antonov pointed out that there are vacant spaces in Riga and Liepaja that are suitable for production of cars. "We are seriously ready to discuss it," he said.

But to become part owner of Saab he first needs approval from the European Investment Bank, the Swedish Government and General Motors. Approvals that have proved to be difficult to obtain.