Saab's Griffin Logo Not Included In Bankruptcy Sale

In June it was reported that SAAB had been sold to a newly established Asian electric vehicle company doing business in Sweden and seemingly signaling a close to protracted and failed negotiations with the bankrupt automaker, but now its griffin logo has been blocked as being part of the deal.

The stop was initiated by Scania, and according to Swedish media it was never part of the negotiated agreement between National Electric Vehicle Sweden AB (NEVS) and the receivers of the Saab Automobile bankruptcy estate.

The buyers – 51-percent controlled by Hong Kong-based alternative energy specialist National Modern Energy Holdings and 49-per cent owned by Japanese investment firm Sun Investment LLC – has intended to make SAAB electric vehicles.

Their agreement accounted for the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB.

Erik Ljungberg, Scania’s communications boss, said however NEVS’ use of the logo is “non-negotiable.”

This position is seen as creating yet another roadblock to re-establishing the brand.

Autocar