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...
Saab MX Motors gets first new SAAB 9-3 2014 in Belgium. MX Motors is SAAB dealership and service centre since 1987. Latest SAAB 9-3 AERO 2.0T sedan MY 2014 SAAB NEVS arrived at their salon. Unique in Belgium 2.0T 220hp, automatic, have 200 km on the...
Still difficult days for NEVS, These are today's news that brings Sveriges Radio (translated from Swedish) Automaker Nevs have continuing economic problems. Debts to the bailiff has doubled late in June and is now 46 million. In early August, some of the debts...
From Sveriges Radio:The crisis for Saab-NEVS continues. Earliest in September can be built Saab cars in Trollhättan plant again. The owners Nevs lacks money and has once again postponed the restart of production. Nevs Communications Manager Mikael Östlund says negotiations to...
The car market in Sweden grew up in June 2014 by more than 25 percent compared to the same month of the previous year. 18 Saab 9-3 found a buyer in June in Sweden. With 144 new Saab registrations in...
India’s largest utility vehicle maker, Mahindra & Mahindra is said to be interested in acquiring bankrupt car maker Saab in its latest bid to become an international auto giant, with a news report in its native Sweden saying the Pune-based...
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...
A few days ago in Svenska Dagbladet newspaper appeared a long article by Jonas Fröberg, in which he writes about the future of Swedish auto industry and Trollhättan. Since the horror from 2011, three years have passed, the Saab situation...
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...
