Saab's hometown prays for electric vehicle revival

Saab Automobile is raising fresh hopes in its Swedish hometown as the mothballed brand gears up for another revival, more than a year after it went bankrupt.

Saab's new parent, owned by a Chinese renewable energy investor, intends to start producing 9-3 cars and convertibles in August, according to a letter sent to parts suppliers. Sales of the diesel-powered vehicles are intended to help fund Saab's conversion into an electric-car manufacturer.

via Business feed http://www.scmp.com/business/companies/article/1136290/saabs-hometown-prays-electric-vehicle-revival