TROLLHATTAN, Sweden, June 13 (UPI) -- A Chinese and Japanese joint venture has resurrected bankrupt automaker Saab from the dead, the companies said Wednesday.
Autos & Trends said the sum paid for Saab by National Electric Vehicles Sweden was $210 million to $250 million, about a third of its value in 1989, when General Motors paid $600 million for 50 percent of the company.