Subscribe & Follow

Advertise your job vacancies

Saab car trademark consigned to scrap yard

22 Jun 2016

The Saab car brand was dumped on Tuesday on the scrap yard of automobile history when the trademark's most recent user said they would give up trying to recycle the venerable name.

Chezet472 via Wikimedia

National Electric Vehicle Sweden, which was created to take over the assets of Saab Automobiles in 2012 following the automaker's bankruptcy, built Saab cars for a few months before throwing in the towel in May 2014. Since then, NEVS has failed to persuade trademark owners the Saab aero and defence group to let it continue to use the Saab name for its own future generation of electric cars.

NEVS said it will base its first electric vehicle, to launch next year, on the Saab 9-3 platform but will use its own name as the trademark. "That means that NEVS will no longer use the Saab trademark," it said.

The first Saab car rolled off the conveyer belt in 1949 and the brand, sportier than Swedish rival Volvo, has gained cult status among many auto fans worldwide. The Saab group sold the auto division to General Motors in 1990 which then sold it on to Dutch company Spykers in 2010.

Since Saab's 2012 liquidation, NEVS has used its Saab assets and Swedish know-how to develop a range of electric models with the help of Chinese capital. In late 2015 NEVS won a contract worth 11 billion euros ($12.4 billion) to supply 250,000 cars to Chinese rental company Panda New Energy.

Source: AFP

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za