“Electric cars are a very tough business with a lot of risk,” and “there’s been almost no demand for them,” said Ferdinand Dudenhoeffer, director of the Center for Automotive Research.
Ola Kinnander - BLOOMBERG
- June 13, 2012
A Chinese-Japanese investment group agreed to buy Saab Automobile and convert the bankrupt Swedish manufacturer into a maker of electric cars.
The first vehicle under the plan will be based on Saab’s 9-3 car and will go on sale early in 2014, with China as the main market, purchaser National Electric Vehicle Sweden AB and the bankruptcy administrators for Trollhaettan-based Saab said today in a joint statement. The parties agreed not to disclose the price of Saab’s sale.
“We’re striving to be a world-leading company for electric cars,” Mattias Bergman, a spokesman for National Electric Vehicle Sweden, said at a press conference in Trollhaettan. “It’s not only about China being a big market for electric cars, it’s also about China having the ability to make the investments required and build the needed infrastructure.” ... [Read More]