Bankrupt Swedish automaker Saab has found a new suitor; a Chinese-Japanese investment group wants to buy the brand and turn it into a builder of electric vehicles, according to sources who spoke with Reuters and Bloomberg News. The group formed a new company in Sweden, National Electric Vehicle Sweden AB, and has agreed to buy Saab's assets, according to reports. The companies that have invested to buy Saab's assets include Japanese-based Sun Investment and Hong Kong-based renewable-energy power plant builder National Modern Energy Holdings Ltd., according to Automotive News. The first vehicle the new company plans to build will be an electric version of the Saab 9-3, which it expects to start selling in early 2014.
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