With Swedish origins, premium automotive manufacturer Saab was formed in 1945 by Saab AB. The first production model was released in 1949 as the Saab 92. In 1968 Saab AB merged with Scania-Vabis and ten years after the merger Saab's best selling vehicle the Saab 900 was released in 1978. General Motors acquired full ownership of Saab in 2000. After 20 years of manufacturing the Swedish brand under GM control and not being able to produce the same level of reputation for quality as its predecessors, GM sold the Saab to Dutch Automobile manufacturer Spyker Cars N.V. in 2010. For much of 2011 Spyker would struggle financially and in 2012 filed for bankruptcy. In June 2012 newly formed company National Electric Vehicle of Sweden (NEVS) had acquired the all rights to Saab Automobile's bankrupt estate.