Swedish carmaker Saab Automobilehas been bought by a Chinese-Japanese group and will be turned into a manufacturer of electric vehicles focused on the Asian markets.
The news comes follows speculation about buyers after the carmaker declared bankruptcy in December, two years after General Motorssold it to Dutch group Spyker in 2010.
The buyer is National Electric Vehicle Sweden, owned by Hong Kong-based alternative energy group National Modern Energy and Japanese investment firm Sun Investment. The price was not disclosed.
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