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Sweden: Saab output stopped because of cash shortage


China's National Electric Vehicle Sweden, which is the current owner of the car brand and assets of Sweden’s Saab, has announced it decided to halt the already very small volume of cars because of an inability to gather funds. The corporation NEVS bought the remaining assets and the car brand Saab and last year the marques fans rejoiced as the small ...
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More Saab articles

Saab starts making the electric 9-3
After it was bought by Chinese-Swedish company National Electric Vehicles Sweden, Saab began recovering its fortune slightly and started rebuilding the rather old 9-3 model. Now, the NEVS parent has green ...
Saab sees revival through electric cars and China sales
Although merely a year has passed since it went out of bankruptcy and with just two cars a day rolling off its production line, Saab is betting on a yet ...
2014 Saab 9-3 Aero officially unveiled
Saab has officially pulled the wraps off the 2014 9-3 Aero, which will go on sale on the company’s local auto market on the 10th of December, from 31,510 euros. “Saab ...
Saab ready to resume production in Sweden
According to an official statement from the spokesman for the Chinese-backed consortium that took over the ailing carmaker last year, Saab-branded cars will begin to roll off assembly lines in ...
First reborn SAAB rolls off the assembly line
For the first time since Saab‘s bankruptcy at the end of 2011 a car rolled off the assembly line Wednesday at Swedish carmaker Saab Automobile‘s former plant, built under the ...
Report – SAAB factory up and running again
According to recent reports, the new Saab owner - National Electric Vehicle Sweden (NEVS) - has reportedly re-opened the former Swedish brand’s Trollhattan factory that shut its gates in April ...
Saab Liquidation Plan Approved by Court, Creditors to Be Paid Back
Saab Cars North America has won court approval to implement its liquidation plan and pay back creditors. On Monday, July 15th, Judge Christopher Sontchi, of U.S. Bankruptcy Court in Delaware, approved ...
NEVS Close to Restart Saab Production, Plans to Hire 27 Workers at Trollhattan Plant, Sweden
NEVS plans to hire 27 assembly line workers at the Trollhattan plant, Sweden, before the targeted Saab restart expected this autumn. In January, Autocar, reported that NEVS has changed its original ...
Spyker Will Appeal Judge’s Dismissal of the $3B Lawsuit Against GM
Spyker said it will appeal the decision taken by the US judge to dismiss the $3-billion lawsuit against GM. Spyker, the owner of Saab, said that it would appeal the US ...



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