Subscribe
Newsletters

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.)
Sa
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.

Featured Stories

Opinion
Column: Full-size electric pickups are failed product planning experiment and industry disaster

Automakers took a big swing with full-size EV pickups, betting different powertrains wouldn't change Americans' love for big trucks. But automakers were wrong.

LP
By:
Larry P. Vellequette
Column: Full-size electric pickups are failed product planning experiment and industry disaster
Ram
That thing’s got a Hemi again: Ram revives its roaring V-8
VB
By:
Vince Bond Jr.
That thing’s got a Hemi again: Ram revives its roaring V-8
Buy-Sell
Top 150 auto retailer adds Infiniti store among latest buy-sell deals tracked across 8 states
GK
By:
Gail Kachadourian Howe
Top 150 auto retailer adds Infiniti store among latest buy-sell deals tracked across 8 states
China
Report: Burning ship bound for Mexico carried cars from Chinese brands; photos released
BN
By:
Bloomberg News
Report: Burning ship bound for Mexico carried cars from Chinese brands; photos released

Latest News

Classic models from Chrysler’s 100th anniversary celebration
EV ranges vary widely from EPA estimates at highway speeds, Consumer Reports says
Electric truck startup Bollinger exits court receivership after paying back founder who sued
Trump attacks Elon Musk as public feud escalates over tax-cut bill
Staying current is easy with newsletters delivered straight to your inbox.

See More in Newsletters

Register for the Automotive News Congress, Sept. 10-11, in Detroit
Register for the Automotive News Europe Congress, June 11-12, in Turin
Guest commentary: For Akio Toyoda’s sake, he must listen to Toyota’s dissatisfied shareholders and reform strategy
Top 5 stories of the week: Women in auto; Birchwood’s latest buy; GM improves profit; more
Staying current is easy with newsletters delivered straight to your inbox.