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<span class="meta date" itemprop="datePublished">10 December 2013</span>
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<h1 itemprop="name">Sweden: Saab restarts car production</h1>
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<span class="meta source" itemprop="author">Economist Intelligence Unit</span>
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<p>Saab has restarted production at its Trollhattan factory in western Sweden today, two years after its bankruptcy and subsequent takeover by National Electric Vehicle Sweden (NEVS), a Swedish-Chinese consortium.</p>
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<div class="content" itemprop="articleBody"><p>~~NEVS, an investment group formed by Hong Kong&#39;s National Energy Holdings and a Japanese investment group, Sun Investment, bought Saab in June 2012. It initially planned to transform the company into a manufacturer of electric vehicles, using the 9-3 sedan model as a basis for the first range of cars due in early 2014. For now, Saab will produce petrol-powered versions instead, with a view to launching an electric car, using Japanese drivetrain technology, at some point in the New Year. Production volumes are expected to be low from the outset, rising according to market demand.</p>
<p>The Saab model currently in production, a petrol version of the 9-3 sedan from 2011, has the same exterior and interior as the old model, but a new navigation system. Thousands of these cars will be shipped to China, where Saab already produces a similar model and where emissions standards are less rigorous than the EU. Over the long term, NEVS plans to adapt Saab&#39;s current production platform, in order to make it &quot;suitable&quot; for fully electric vehicles.</p>
<p>Production will therefore be aimed initially at China, rather than Europe, where Saab&#39;s troubled history has dented its reputation. The Swedish carmaker sold around 133,000 vehicles a year as recently as 2006, but was severely affected by the global financial crisis as well as a lack of investment. Ownership passed from General Motors to Spyker, a Dutch sportscar maker, in 2010 only to declare bankruptcy less than two years later after production halted. Saab&#39;s assets were bought by NEVS, which launched production in China and then reopened Saab&#39;s Trollhattan plant in Sweden this year. Saab&#39;s vehicle parts business continues to be owned by the Swedish National Debt Office and was not included in the NEVS deal.</p>
<p>Another Swedish brand under Asian ownership, Volvo, is also looking to shift its focus, announcing plans to launch an on-road test of 100 self-driving vehicles in 2017. Volvo, owned by the Chinese firm Geely, will deploy the cars in &quot;everyday driving conditions&quot;, across 50km of typical motorway and commuter routes in the Swedish city of Gothenburg.</p>
<p>Entitled &quot;Drive Me&quot;, the project is a joint collaboration with the Swedish Transport Administration and Transport Agency, and forms part of the government&#39;s Vision Zero initiative, aimed at reducing road traffic injuries and fatalities to zero by 2020. The first phase of the Drive Me project will begin in 2014, where the focus will be on research and development, along with the creation of a user interface and cloud functionality. Overall, the project will deal with issues such as traffic efficiency, road safety, autonomous car infrastructure, customer confidence and the way that drivers of traditional vehicles interact with self-driving cars.</p>
<p>&copy; 2013 The Economist Intelligence Unit Ltd. All rights reserved.<br />
Whilst efforts have been taken to verify the accuracy of this information, neither The Economist Intelligence Unit Ltd. nor its affiliates can accept any responsibility or liability for reliance by any person on this information.<br />
From viewswire.com, published under license. The original article, can be found at: www.viewswire.com<br />
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<li>Two years after bankrupy, Saab has restarted its prouction in Sweden. </li>
<li>The Saab model is similar to that produced in 2011, however, now has a new navigation system. </li>
<li>Production will initially be aimed at China.</li>
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<a href="/united-kingdom/en/industries/automotive" class="meta tag" rel="tag">Automotive</a>
<span class="meta date" itemprop="datePublished">10 Dec 2013</span>
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<a href="/united-kingdom/en/articles/france-peugeot-names-tavares-ceo-waiting" itemprop="url">France: Peugeot names Tavares as CEO-in-waiting</a>
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<span class="meta source" itemprop="author">Economist Intelligence Unit</span>
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<p class="display_summary" itemprop="description">PSA Peugeot Citroen has nominated Carlos Tavares, the former chief operating officer at Renault, to take over from Phillippe Varin as PSA’s chief executive when the latter steps down in 2014.</p>
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