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Saab reportedly bought by Chinese-led consortium

A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden (NEVS) will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts AB, according to reports in Sweden. NEVS did not confirm the reports.

Andy Priaulx interview

By Motor Shows 14 December 2007 09:00 His racing season might be over for this year, but 33-year-old Andy Priaulx has barely stopped since clinching his third consecutive World Touring Car crown – an incredible feat in a series packed with ex-F1 drivers and touring car winners from various championships. But in-between the award ceremonies, end-of-season parties and test sessions, CAR Online caught up with the Guernsey-based racer ahead of his star turn at this weekend’s Race of Champions. Held at Wembley Stadium on 16 December, RoC sees drivers from disciplines as diverse as Nascar and F1 race head-to-head, country-against-country on what looks like a giant Scalextric set.

Saab gets a ray of hope from China

Victor Muller sees a glimpse of sunshine from China The saga that is the long and painful demise of Saab seemed to reach its nadir last week when courts in Sweden refused to offer the beleaguered car maker sanctuary in its protection. We thought that would be the end for Saab – despite a never-say-die appeal of the decision by Victor Muller, due to be heard tomorrow – with nowhere left to hide from trade supplier debts of €150 million, and the wrath of Sweden’s unions ready to file for Saab’s bankruptcy over unpaid wages for Saab employees. The nadir for Saab should reasonably be followed by its rapid consignment to the annuls of motoring history, but a tiny glimmer of hope has risen from Saab’s putative investors in China.