Saab Automobile
On 13 June 2012, a press conference was held announcing that the main assets of Saab Automobile AB and its subsidiaries Saab Automobile Powertrain AB and Saab Automobile Tools AB as well as the Saab factory had been acquired by a Chinese consortium called National Electric Vehicle Sweden (NEVS). Saab Automobile Parts AB was excluded in the deal and the Swedish National Debt Office would continue as an owner of that company. NEVS' plan was to build only purely electric vehicles with an electric version of the current 9-3 model available in 2013/2014, as well as to continue development of the replacement to the 9-3, the PhoeniX. GM continued to refuse licensing of the technology in the Saab 9-5 and 9-4X, so these models would not be produced. The rights to use the Saab trademark had not yet been granted by Saab AB and Scania AB and negotiations on that matter continued.