Indian carmaker Mahindra & Mahindra is reportedly exploring alliance opportunities with PSA-Peugeot-Citroen and the Saab brand owner, NEVS. The Indian newspaper Economic Times reported that Mahindra is taking into account partnerships with the two car brands as it is looking...
It is looking more and more like NEVS' valiant attempt to revive Saab has failed. Deep pockets are needed to found (or revive) and run an automaker and it looks like suppliers - already burned by the last Saab meltdown...
All the world's media report developments regarding the Nevs company and Saab brand. WSJ: Saab Auto's Chinese-Backed Owner Goes Bust "In its filing to the court, the company said it plans to transfer the architecture for its Phoenix model as well...
The District court of Vänersborg, Sweden, today August 29 approved the application for reorganization from National Electric Vehicle Sweden AB. The District court has appointed Mr. Lars Eric Gustafsson, Attorney at Hamilton law firm in Stockholm, as administrator during the...
Nevs may no longer sell and produce cars under the name Saab. Defense group Saab AB has withdrawn the law. Nevs but must now negotiate the license agreement and believe that it will be successful, published the Swedish Radio P4 Vast. Saab...
Vänersborgs District Court today decided to reject the National Electric Vehicle Sweden AB`s application for reorganization.The district court determines that the information in NEVS application for the intended financial solutions appear to be vague and is completely undocumented. There is...
To create more time for negotiations Nevs applies for reorganization The Board of Directors of National Electric Vehicle Sweden AB has today, August 28, 2014, decided to apply for a reorganization to create more time for the ongoing negotiations. The application has...
China’s Dongfeng Motor Corporation has issued an official statement saying it never had any contact with NEVS Saab or with its shareholders concerning a possible take-over or an investment. On August 21 Economic-news magazine China Securities News published an article citing unnamed sources saying such...
National Electric Vehicle Sweden, the Saab-owning Swedish holding company that is in turn owned by Chinese investors, has some problems (i.e., no cash). But that isn't stopping NEVS from showing off a prototype Saab 9-3 Electric Vehicle this week. But...
Mikael Östlund, Communications officer at carmaker Nevs in Trollhattan, said that the salaries of the approximately 600 employees are delayed. Nevs has no money to pay salaries to the employees. The reason is that the company has not received money...
