Saab's factory in Trollhättan Photo: Björn Larsson Rosvall/Scanpix.
chinese buyer

Saab purchase in the bag?

Electric car manufacturer "National Electric Vehicle Sweden" is to take over the bankrupt Swedish-based company Saab, according to business daily Dagens Industri.

The paper quotes Chinese sources, which say the Chinese company beat off rival Youngman to buy Saab's assets.

A spokeman for the company has so far refused to confirm or deny DI's report, but adds that the company has put in a bid.

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