Category: Saab

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More Thoughts on Saab/NEVS Debt Reduction

I thought I’d expand a little on the questions that come naturally with regards to NEVS asking creditors to write down the debts owed to them. The more I think about it, the more it simply doesn’t make sense. The big question is not just...

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NEVS/Saab Seeks Debt Reduction

How would feel if you were a NEVS creditor today? The scenario…… NEVS has barely made a car and it’s long-promised Phoenix-based electric car appears to be light years away. They have no real dealer network in their home market, let alone in any international...

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Saab, Plan B and All That Jazz

Imagine it’s 11:58 on your personal doomsday clock. You’ve got a heart condition and you’re due for surgery. Tomorrow. Being a strong spirited type and knowing that your time might be limited, you decide to dress up and head out for a night at your...

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Nevs announces intention to lay off employees

My mate Pete just forwarded this press release (no, I’m not a subscriber). As expected…… —— Nevs announces intention to lay off up to 200 employees due to lack of work, as the decision to re-start production will be further delayed. Nevs has retained the...

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NEVS Get Reorganisation Approval

Wonders will never cease…… In the interests of completeness: The District court approves Nevs’ application for reorganization 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...

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Death In Trollhattan: NEVS Lose Rights To Saab Name

Um. This: It’s Saab AB yesterday morning withdrew the rights of the automaker. This is a result of the attempted reorganization. When the agreement between defense Saab and Nevs signed two years ago included certain conditions, confirms Sebastian Carlsson, Head of Saab AB. One of...

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On NEVS/Saab and Reorganisation Missed

NEVS/Saab petitioned a court in Sweden yesterday to enter ‘reorganisation’ in order to protect assets from the Swedish Enforcement Agency. Their petition was (predictably) denied. As written previously, for a court to approve an application for reorganisation they have to believe a few things. First,...

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Death In Trollhattan: NEVS/Saab into Reorganisation

This press release came out a few hours ago. Thanks to those who forwarded it and left it in comments. —— To create more time for negotiations Nevs applies for reorganization The Board of Directors of National Electric Vehicle Sweden AB has today, August 28,...

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NEVS: We’re Not Dead Yet. We’re Getting Better!

UPDATE!! Pictures and article now at Teknikens Varld. Question: Why is there a pod-style air filter in the engine bay? According to the TV article, the motor is American, it produces around 135hp and the range is around 200km. —— I remember using this exact...