National Electric Vehicle Sweden AB—a Chinese-Japanese investment group—agreed to buy Saab Automobile and convert the bankrupt Swedish manufacturer into a maker of electric cars.
Saab would be entering a market that includes the Chevrolet Volt, made by former owner General Motors Co., and Fisker Automotive Inc.'s $103,000 Karma hybrid gasoline-electric sports car.
http://www.sfgate.com/cgi-bin/artic...13/bloomberg_articlesM5JM910D9L3501-M5K4M.DTL
As an aside, the story authors are pretty bad. They talk about Volt fires "The country's National Highway Traffic Safety Administration is looking into the safety of lithium-ion batteries amid instances of fires involving the Volt and the Karma." and the article is June 13!!!