Saab could be Indian – Nevs in negotiations

Saab could be Indian - Nevs in negotiations

Nevs negotiating with Indian giant Mahindra Group about the company to join as an owner in Nevs. Notification of these negotiations may come soon, says sweden’s radio P4 West.

Nevs has financial problems and lack of money. The reason is that the Chinese partner city of Qingdao has not paid the promised money, according Nevs.

To solve the economic problems negotiating Nevs with Indian Mahindra about a collaboration, according to several sources for P4 West. The companies are negotiating that Mahindra will join as an owner in Nevs, according to the source.

Mahindra is a major Indian corporation with over 180,000 employees in 100 countries around the world.

Additionally negotiating Nevs with another Asian vehicle manufacturers to collaborate on developing new Saab models.

I can not say anything about who we are negotiating with, only that they are negotiated, said Nevs Communications to P4 West.

Leave a Reply