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 clock is ticking for Saab-Nevs and must find a solution before the end of June. According to several sources Nevs negotiating with Chinese Dongfeng and Indian Mahindra. Mahindra will be interested in an ownership in Nevs while Dongfeng will...
Nevs negotiating with Indian giant Mahindra Group about the company to join as an owner in Nevs. Notification of these negotiations may come soon, says sweden's radio P4 West. Nevs has financial problems and lack of money. The reason is that the...
China's National Electric Vehicle Sweden (NEVS) has halted output of its Saab car due to a shortage of fund, it said last month. Now the piles of debts are growing at the Swedish Enforcement Service. But two potential Asian investors...
