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NEVS Completes Saab Asset Buy including the Brand Name

National Electric Vehicle Sweden or NEVS announced today that it completed the purchase of the main assets of bankrupt Saab Automobile, Saab Automobile Powertrain and Saab Automobile Tools. This includes the Phoenix platform, tools and the manufacturing plant in Trollhättan as well as test and laboratory facilities. NEVS has also signed a licensing agreement to use the Saab name on its future vehicles. Continue reading

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