NEVS has been forced to pledge vehicles and buildings

June 25, 2014Goran AničićNo commentDongfeng Euroform Mahindra Mikael Ostlund NEVS Saab

China’s National Electric Vehicle Sweden (NEVS), which rescued iconic car brand Saab from bankruptcy, has been forced to pledge vehicles and buildings in order to borrow 58 million kronor, Swedish media said Wednesday. The company needs money to cope with the economic crisis.

“It’s about the continued funding of the business,” said Nevs Communications Manager Mikael Östlund to P4 Väst today.

Two weeks ago, took Nevs a loan of 38 million dollars to pay taxes. Nevs stopped production in mid-May due to the Chinese city of Qingdao had not paid the money promised. Production stoppage has been extended until at least mid-August. A total of 19 claims amounts to 22.9 million kronor ($3.3 million), according to TV4 News. The main requirement – 11.5 million kronor – is from Euroform which has been supplying furnishings to cars.

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Nevs are currently negotiating with two automotive manufacturers on new partnerships. According to sources, it is about Indian Mahindra and Chinese Dongfeng.

Tags:Dongfeng Euroform Mahindra Mikael Ostlund NEVS Saab

Goran AničićJune 25, 2014

the authorGoran Aničić

For over 15 years, Goran Aničić has been passionately focused on Saab automobiles and everything related to them. His initial encounter with Saab cars took place back in 2003 when the first Saab 9-3 and sedan version were introduced. At that moment, he was captivated by the car's Scandinavian design logic and top-notch engineering, and everything that followed stemmed from that first encounter. Later on, through his work at the editorial team of the Serbian automotive magazines "Autostart" and later "AutoBild," he had the opportunity to engage more closely with Saab vehicles. In 2008, he tested the latest Saab cars of that time, such as the Saab 9-3 TTiD Aero and Saab 9-3 Turbo X. In 2010, as the sole blogger from the region, he participated in the Saab 9-5ng presentation in Trollhättan, Sweden. Alongside journalists from around the world, he got a firsthand experience of the pinnacle of technological offerings from Saab at that time. Currently, Goran owns two Saabs: a 2008 Saab 9-3 Vector Sportcombi with a manual transmission, and a Saab 9-3 Aero Griffin Sport Sedan from the last generation, which rolled off the production line in Trollhättan in December 2011.

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