NEVS: Still the Status Quo

Saab - Nevs plant in Trollhatten

It is looking more and more like NEVS‘ valiant attempt to revive Saab has failed. Deep pockets are needed to found (or revive) and run an automaker and it looks like suppliers – already burned by the last Saab meltdown – have run out of patience. Administration was court-approved on Friday.

Reports that NEVS has been refused financial investment by the likes of (recent Ssangyong rescuer) Mahindra and Mahindra perhaps serves only to highlight the problem Saab’s current owners face. Sad, nonetheless.