Saab

When Saab AB, the parent business, started working on a project to create a tiny car, Saab Automobile AB (/sb/) was established in Sweden. The Saab 92, the first production model, was introduced in 1949. The Saab 900 was introduced 10 years after the parent company's 1968 merger with Scania-Vabis and went on to become Saab's best-selling model. The new Saab 9000 model debuted in the middle of the 1980s as well.

In 1989, Saab-automotive Scania's segment was reorganized into Saab Automobile AB, a standalone business. The American automaker General Motors (GM) acquired a 50% stake. The Saab 9-3 and Saab 9-5 are two popular vehicles that came out of this time.

Saab failed to expand its consumer base beyond its specialized following despite spending many years building a solid engineering reputation and ultimately a premium price tag. Following the failure of a Chinese consortium to complete a purchase of the company, which had been blocked by the former owner GM, which objected to the transfer of technology and production rights to a Chinese company, the company filed for bankruptcy after struggling to avoid insolvency throughout 2011. On June 13, 2012, news broke that a recently established business known as National Electric Vehicle Sweden (NEVS) had acquired the bankruptcy estate of Saab Automobile. The first NEVS Saab 9-3 rolled off the assembly line on September 19, 2013, according to "Saab United."

On December 2, 2013, full manufacturing of the identical gasoline-powered 9-3 Aero cars that were produced before to Saab's bankruptcy filing resumed, with the goal of reestablishing the automaker's supply chain while it worked to build a new line of NEVS-Saab goods. In the summer of 2014, NEVS lost its authorization to build automobiles under the Saab brand (which its namesake aerospace firm still controls). As a result, it now produces electric vehicles based on the Saab 9-3 under the name "NEVS."


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