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...
Today Nevs presented the Saab 9-3 Electric Vehicle as designed and produced as part of a prototype series in Trollhättan. The car is a modified Saab 9-3 Aero Sedan where the batteries are placed under the floor, keeping the full...
Sveriges Radio reports NEVS is planning to show their electric Saab 9-3 in Trollhattan tomorrow. It will take place at a local roller-skating event. Electric Saabs have been made before and the NEVS EV Saab will look the same as...
Yesterday, it was reported that suppliers to Saab had petitioned a Swedish court to declare the struggling automaker’s latest owner, National Electric Vehicle Sweden (NEVS), bankrupt. According to the Associated Press, Labo Test, which supplies test equipment for car parts, said...
Nevs hereby clarify that the company is not insolvent. The company does not have enough liquid cash as today to pay all outstanding debt but Nevs’ assets are larger than its debt. Nevs today cannot say exactly when, but Nevs’...
The company that lifted Swedish automaker Saab out of bankruptcy is now facing financial difficulties of its own. On Tuesday a supplier petitioned a Swedish court to declare National Electric Vehicle of Sweden (Nevs) bankrupt. Labo Test, which supplies test...
