More details have emerged on the potential Saab asset sell, according to Automotive News. The deal, devised by a Japan-Hong Kong partnership, so far only includes the purchasing rights to the current Saab 9-3 vehicle and a platform Saab was developing called "Phoenix," which was supposed to be the next-generation 9-3. The firm also wants to buy the old Saab factory, but it plans to hire only 200 employees instead of the 3,500 that used to work there. The new Saab company, called National Electric Vehicle Sweden AB, aims to become the world’s largest purveyor of electric vehicles, turning Saab exclusively into an EV maker. The new company won’t have the rights to build the Saab 9-5 or the Saab 9-4x, according to GM, which owns the technology rights to those vehicles. The company won’t own Saab’s spare parts company, either. The biggest omission to the deal is the rights to the Saab brand name; those discussions are still ongoing, according to the company. If the deal goes through, the new company aims to build EVs using Japanese technology on the Saab platform by 2013 or 2014.
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