Mahindra will buy majority stake in Saab maker NEVS, report says

NEVS' first Saab 9-3 car leaves the Swedish assembly line in September 2013. Production was halted in May. (Mikael Oestlund, NEVS.)

By:

Staff and wire reports

December 01, 2014 05:00 AM

STOCKHOLM -- India's Mahindra & Mahindra has agreed to buy a majority stake in National Electric Vehicle Sweden (NEVS), the investment group that bought the assets of Saab Automobile two years ago, a report said.

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