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Saab rescuer facing its own bankruptcy petition

Published August 12, 2014 9:56 am

Auto industry • Parts supplier petitioned Swedish court to declare Nevas bankrupt.
This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Stockholm • The company that lifted Swedish automaker Saab out of bankruptcy is now facing financial difficulties of its own.

A supplier petitioned a Swedish court Tuesday 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 $22,000 since February.

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-fueled models to get production going immediately.

 

 

 

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