Electric car consortium may purchase Saab

An electric car consortium with the former Volvo head Karl-Erling Trogen may be close to buying the bankrupt estate of Saab Automobiles, several media outlets are reporting.

National Electric Vehicle Sweden is the name of the company that according to sources can be the first in line to be the new owner of the now bankrupt car company.

National Electric Vehicle Sweden was formed in April, and its name was registered on Monday. Among those on the board of the newly formed company is the former CEO of Volvo Trucks, one of the largest truck manufacturers in the world.

Sources say a deal can be signed already next week.

But Hans Bergqvist, the trustee in bankruptcy, is silent. "We are in an intense period and we're not commenting on the sale process," he tells news agency TT.

Uncertainties about payment may have pushed the trustee in bankruptcy to rule out the Chinese car company Youngman, who has long been interested in buying Saab.

Meanwhile, news agency TT reports that the Swedish government has applied to the EU-commission for money to help meet some of the cost of paying workers at Saab's main factory in Trollhättan who lost their jobs when the carmaker filed for bankruptcy. Around,1,000 former Saab employees have found work since the factory closed.

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