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New Saab owners will not get rights to logo

Truck maker Scania announced Thursday that the new owners of Saab will not get the rights to the iconic Saab logo.

New Saab owners will not get rights to logo

Scania shares the image of the red griffon wearing a golden crown on a blue background with Saab Automobile and the defence company Saab, which were part

of the same group until 1990.

Saab Automobile, which went bankrupt last year, received a new lease on life in June when Chinese and Japanese investors were selected by the administrator to take over the automaker for an undisclosed sum.

Hong Kong-based alternative energy specialist National Modern Energy Holdings and Japanese investment firm Sun Investment LLC have said they plan to adapt Saab’s 9-3 model to an electric vehicle and target the Chinese market.

But Scania said Thursday it wasn’t going to let the griffon adorn the non-Swedish vehicles.

“Scania doesn’t want to allow the buyer to use the griffon symbol which is intimately tied to Scania,” spokesman Hans Aake Danielsson told AFP.

“Scania has used this logo since 1911 … and we don’t want our symbol in a manner that could damage our brand,” he added.

Moreover the cars produced from the resurrected Saab automaker “won’t be Swedish any longer.”

Saab had difficulties for years before the company filed for bankruptcy.

US automaker General Motors gave up trying to turn around Saab and sold it in 2010 to the tiny sports car maker Spyker.

The Dutch company soon ran into cash problems but its efforts to bring in Chinese investors was thrwarted by GM failing to give up intellectual property rights to key technologies.

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CARS

Former Swedish Saab bosses appear in court

Swedish car maker Saab's former CEO Jan Åke Jonsson and the firm's former head lawyer Kristina Geers have appeared in court in Vänersborg in west Sweden, accused of falsifying financial documents shortly before the company went bankrupt in 2011.

Former Swedish Saab bosses appear in court
Saab's former CEO Jan Åke Jonsson. Photo: Karin Olander/TT
The pair are accused of falsifying the paperwork at the height of the Swedish company's financial difficulties at the start of the decade.
 
A third person – who has not been named in the Swedish media – is accused of assisting them by issuing false invoices adding up to a total of 30 million kronor ($3.55m).
 
According to court documents, the charges relate to the firm's business in Ukraine and the paperwork in question was signed just before former CEO Jan Åke Jonsson resigned.
 
Both Jonsson and Saab's former head lawyer Kristina Geers have admitted signing the papers but denied knowledge of the Ukranian firm implicated in the case.
 
All three suspects deny all the charges against them.
 

Saab's former head lawyer Kristina Geers. Photo:  Björn Larsson Rosvall/TT
 
Saab filed for bankruptcy at the end of 2011, after teetering on the edge of collapse for nearly two years.
 
Chief prosecutor Olof Sahlgren told the court in Vänersborg on Wednesday that the alleged crimes took place in March 2011, when Saab was briefly owned by the Dutch company Spyker Cars.
  
It was eventually bought by National Electric Vehicle Sweden (Nevs), a Chinese-owned company after hundreds of staff lost their jobs.
 
The car maker, which is based in west Sweden, has struggled to resolve serious financial difficulties by attracting new investors since the takeover.
 
In October 2014 it announced it had axed 155 workers, close to a third of its workforce.
 
Since 2000, Saab automobile has had no connection with the defence and aeronautics firm with the same name. It only produces one model today, the electric 9-3 Aero Sedan, mainly targeting the Chinese market.