Saab to become Electric Vehicle Manufacturer

Another angle from Bloomberg. Saab Auto Sold to China-Japan Group in Electric-Car Push - Bloomberg

 

I hope they make it. It won't be easy, though.

 

This seems to be a low risk investment in a high risk market. I can't tell but I'm guessing they are talking about a phev. This probably takes about $1B to develop, which makes the likely purchase price of saab's distressed assets much smaller than the development in the car. By the time the car makes it to market there may be excess limh battery production, which gives them good negotiating power with suppliers for the most expensive part.