Geely is as independent as a Chinese company can be. Not the case with NEVS – now over 50% Chinese local government controlled. Still don’t understand how the municipality, Qingdao, that forced NEVS into bankruptcy due to lack of funds, can still be a 22% owner. Can anyone rationally explain this to me?
This is bizarre. Last effort for the Saab name? As much as I would like to see new Saabs on our streets some day, I don’t want them from this majority authoritarian Chinese government controlled company. New controlling interests are the complete opposite from what Saab meant to current and past owners. Disgusted.
Baver commented on the post, Press Release: Nevs grows with two Chinese strategic part owners 3 months ago
The big issue here is Qingdao. Do they still have their ownership stake? How could they, when they didn’t fulfill their obligation to NEVS? Of course, being China, who really knows. If they are still in it, then it is game over – 22% + 30% = no room for a new majority owner. Let’s hope they are out.
Let’s hope you are correct. I do agree this deal hinges completely with Mahindra getting use of the Saab name.
Pickups are also very big business in developing countries in Asia, Africa and South America. Most of those would be smaller pickups- the type Mahindra are known for.
So to any person in the Nordic countries complaining of big government and the climate change “myth’, I, as an American, am willing to exchange my citizenship for yours. You may find yourself more at home here. I will need you to throw in Rosetta Stone.
I haven’t read all of the responses on here yet, but it does seem after reading the administrator’s report, that the entire deal with allegedly Mahindra, rests on them getting access to the Saab name. If that doesn’t happen, neither does the deal. Based on what we have been reading from SU writers, the likelihood of that is near zero. I…[Read more]
My ’99 9-5 SE with a V6 reached 300K miles with very minor issues. My current 2.8T in the NG9-5 has been a pleasure as well. I understand they are a pain in the rear to work on, but to say they are horrible, is a bit harsh.
An AWD crossover is what I believe could’ve gone a long way to save the brand. That and a hybrid. Crossovers are even becoming huge business in the EU. Many are just slightly bloated wagons. The 9-4x with better engines would’ve sold well.
On a different note: Saab got the engines they needed in Europe the same time they were cheapening the…[Read more]
Um, actually Koenigsegg was the first and preferred potential buyer of Saab. A shame they weren’t able to pull the sale off. Thank you, GM! With backing from Norwegian oil money, I thought they had a much better chance than Spyker to pull it off.
Still remember the day they announced that Koenigsegg was getting Saab. It was a good day. I felt…[Read more]
My comment with links is awaiting moderation. Google NEVS Sun Investment, you will find many articles online about this. Some point to Sun, being another North Coast Capital. Remember that bogus company? One article is from Tim here at Saabs United dated June 6, 2012.
Many articles online about this. Some point to Sun, being another North Coast Capital. Remember that bogus company?
And, from Tim,…[Read more]
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