As expected, the first debtors began collecting the outstanding amounts yesterday. The "NEVS-Pengar-Crises" found their way into the press again. A current status, the view of things from the NEVS point of view, was then spread over the usual journalistic channels.
Which wasn't awkward. To translate it figuratively, NEVS is something like a besieged fortress ... Mahindra and Dongfeng stand in front of the walls. The besiegers think they have a lot of time and wait until they slaughter the horses at NEVS and give up because of hunger. It's about money - NEVS and Saab should be taken over for the lowest possible amount.
A problem that prevented the quick conclusion of the contract should be the unclear rights to the Saab 9-3. In the year 2011, at Spyker times, 50% of the rights to the sedan in Trollhättan, 50% at BAIC. The sports suit has always been owned by GM, the convertible since the facelift. Apparently, the situation is still not resolved to 100%, although the insolvency administrators had brought in a specialist in trademark and patent rights to negotiate the contracts in their ranks. The uncertainty about what you are supposed to buy should be the main reason for not yet selling NEVS.
There is more clarity about trademark rights. Scania AB is out and has no say. The Saab AB is more or less open and relaxed. It may be necessary to renegotiate the sale or entry of a new major shareholder; one does not see a problem here. Such a representative of Saab AB yesterday at a request of the Svenska Dagbladets.
NEVS is bleeding for committed errors. You had the choice up to a certain point. Instead of investing in the China business, there would have been alternatives. Swedish and European customers would have been grateful for new cars, an existing dealer network and a profitable aftersales department had increased goodwill. Or, better yet, all the funds available would have been invested in the development of new products on the Phoenix platform. Then 2015 or 2016 would be a premiere in the house. But there is little point in thinking about mistakes, the situation is as it is!
At the moment, it seems to be stuck, because there is a standstill in poker for NEVS and Saab. In principle, negotiations do not take place. The potential buyers are waiting. Letters of intent have been received from Dongfeng and Mahindra that the final contracts could have been signed in June. While the situation in the besieged NEVS fortress is becoming more and more precarious - one is already considering loaning assets at high interest rates - the other parties believe they still have enough time.
If you are not mistaken! It is obvious that Mahindra wants to keep the price as low as possible. With exactly this strategy you have already lost a foray in the past. The chosen prey was named Jaguar Land Rover. On the home stretch, while Mahindra was busy pushing the price down, a white knight came and won. The name: Tata.
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