SAAB · ·

Saab Owner Faces Bankruptcy Petition

saab 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 equipment for car parts, said Nevs had failed to pay bills of 150,000 kronor ($22,000) since February. Test equipment supplier Labo Test has filed a petition asking the court to declare Nevs bankrupt, accusing the startup of failing to pay an outstanding debt of approximately 150,000 kronor (~$21,800 USD), according to an AP report.


Nevs spokesman Mikael Ostlund didn’t immediately answer a request for comment.

The company, owned by a Hong Kong-based group, bought Saab out of bankruptcy last year after a failed attempt to revive the brand by Spyker Cars of the Netherlands.

Though its plan was to make electric cars, Nevs started off with gasoline-fuelled models to get production going immediately. The resurrected 9-3 maintained the same overall design as its now-defunct predecessor, but on an all-electric platform with a range of approximately 124 miles.

Recent reports suggest Nevs has been courting several potential investors, including India’s Mahindra and China’s Dongfeng, that could serve as majority shareholders and help bankroll production.

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