did General Motors buy SAAB?

my dad told me on the news this morning (I am 15, a boy) that Saab is owned by GM. is this true? and if so, why don't we have Saab anymore in America?

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  • Jay P
    Lv 7
    4 years ago
    Favorite Answer

    It WAS true. But GM sold SAAB to Spyker ( a Dutch automotive company ) and Spyker was too small to handle a company like SAAB and it folded.

    SAAB was then relaunched by the new owners, a company called NEVS ( National Electric Vehicle Sweden ) with the plan of making it an electric car company but that company failed as well. Now Mahindra, an Indian tractor company, is trying to buy the rights to the SAAB name and intellectual property.

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  • 4 years ago

    gm owned saab from 1990 to 2010.

    saab aren't anywhere. they don't make cars any more.

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