The rumours discussed earlier this month that Mahindra might be about to step in and invest in NEV (“the troubled Swedish car maker” in journalese) are nearing confirmation.
Automotive News reported. Their news came from the Financial Times. The article said that “Mahindra wants to acquire the remnants of Saab to accelerate its expansion into Western markets and into premium and electric cars”. Mahindra is slated to take a controlling stake in National Electric Vehicle. Continue reading “Death’s Revolving Door: More Saab/NEV News”