The District Court of Vänersborg today approved the composition proposal earlier presented by Nevs, as the stipulated number of creditors’ votes needed for the court to decide in favor of the composition proposal was achieved. The number of present creditors...
The District Court of Vänersborg, today March 11, decided that the Reorganization of Nevs shall continue for an additional time period of 3 months, until May 29, 2015. February 26, 2015, National Electric Vehicle Sweden AB (Nevs) applied for prolonged reorganization...
National Electric Vehicle Sweden's (NEVS) new potential owner is embroiled in intense talks with Saab AB surrounding any use of the totemic brand name for future vehicles. The owners of struggling carmaker Saab on Thursday presented a proposal to pay...
National Electric Vehicle Sweden AB, Nevs, provides unsecured creditors a composition proposal in order to exit the reorganisation. It creates the conditions for completion of ongoing negotiations with two major OEMs and the implementation of a new business plan together...
Nevs has secured enough money to complete 100 cars. Despite reconstruction and economic trouble - it is built cars in Trollhättan again. It is about 100 cars that will be completed and then goes on sale in the coming months....
NEVS said Thursday they plan to finish assembling 100 SAAB 9-3 cars that have sat idle on the production line of a Swedish plant since May. National Electric Vehicle Sweden (NEVS) also said that they will apply for an extension of...
Spyker, on Thursday, won its bankruptcy appeal filed on Dec. 29 with the Appeals Court of Leeuwarden in the Netherlands. This means, according to the company, “that by law Spyker was never bankrupt, and that the company has returned to...
As we have already written here, in Nevs-Saab Factory has no production of new cars, but tests continue, and Saab parts production goes smoothly. Today's image and video, published on official Saab Instagram account, shows production of Saab Spare parts. A video posted...
Swedish truck maker Volvo Group said Monday it had completed the acquisition of 45 percent of a subsidiary to Chinese motor giant Dongfeng for $893 million (741 million euros). Announced in January 2013, and now confirmed by Beijing, the deal...
Orio AB, formerly Saab Automobile Parts AB, has signed a contract with Nevs and has acquired all the tools located at suppliers and used for producing Saab Original spare parts for all existing Saab models. This secures that Orio can...
