Saab affair finally settled as
well as a trade mark "SAAB"
The Saab automobile which had been in bankruptcy management has now
been officially resolved with the automobile sold to the new buyer, the
Swedish Electric car Consortium otherwise known as Nevs.
Before the reported sale, there has been a disputed discussion about
the trade mark Saab Gripen which is part owned by truck maker,
Scania. It was earlier discussed that the Saab resources could be
sold to the new buyer without the trade mark name and the logo. It was
also reported earlier that Nevs was happy to buy the Saab assets
without the trade mark and name.
It looked like that changed toward the closing hours of the sales as
there emerged interest from the Saab purchasers to include the trade
mark in the deal. At first it was reported that Scania and Saab had
refused to include the trade mark in the deal. Today according to the
press release confirming the sale, it turned out that the trade mark is
also included in the sale.
Electric car Consortium, Nevs, announced that it reached an
agreement with defense group Saab and truck manufacturer Scania on the
use of the Saab brand name.
"We are thrilled that the deal is completed and we can now execute and
implement our business plan," says Mattias Bergman, who has been the
manager of the purchase of Nevs.
But how the brand name will be used remains an issue to be regulated by
the trade mark agreement.
The Electric cars to be produced will be called Saab, however, the new
cars produced will not be adorned with the classic Saab Gripen logo.
The company that will build the electric cars will not be called Saab
but National Electric Vehicle Sweden AB, or Nevs.
The receivers also said that that the agreement includes intellectual
property rights for the Saab 9-3 and the Phoenix platform.
What amount Nevs paid for the purchase of Saab Automobile and two
subsidiaries, Saab Tools and Saab Powetrain were not disclosed. The
price tag on Saab Automobile will likely not be known until the
bankruptcy trustees submit their report to Vänersborg court in November.
Nevs also announced today that they expect to be able to launch their
first car in about a year and a half, that is, during the first half of
2014. It is based on technology from Saab 9-3 and a newly developed
electric drive technology.
The car that will be built in Trollhättan, which will be called Saab is
not yet determined.
"The development of our first electric car has been ongoing long time
in China and Japan and, in that we now own the facility here, we will
continue development on site in Trollhattan," writes Nevs CEO Kai Johan
Jiang in a statement.
by Scancomark.com Team