A SAAB automobile is a Swedish manufacturer which was founded in 1945. SAAB AB (1945-1968) was the first parent company of SAAB which is Swedish aerospace and defence company. SAAB came into existence with the motive of producing military aircrafts. Later on, they started producing automotive vehicles and their first model SAAB 92 was launched in 1949. The Parent company of SAAB has been changed over time. After SAAB AB, SAAB- Scania (1968–1990) took the ownership of SAAB and then General Motors (1990–2010), after that Spyker N.V. (2010–2012) and in 2010, SAAB went into financial crisis. In the end, the battle to restore SAAB as an automobile manufacturer was over when National Electric Vehicle Sweden (2012–2014) acquired SAAB as they protected it from Bankruptcy. But in 2016, they announced they will not use the SAAB trademark in future and at last they stopped further production.