Update 10: 25 clock / 15: 31 clock
Almost at the same time as the drama 2011, NEVS is making its way to Vänersborg and applying for reconstruction!
The company wants to gain more time for the ongoing negotiations with two possible partners.
NEVS intends to propose the Stockholm lawyer Lars Eric Gustafsson to lead the reconstruction. For NEVS it is the very last chance and it is not certain whether the court in Vänersborg will uphold the request. Although the company is much smaller than Saab Automobile AB at the time, the negotiations are also said to have progressed further and the liabilities are far lower.
But - that is the question that the court has to answer: does NEVS have a viable business model? And what is there to renovate? No product, no production, no customers, no sales network, no after-sales. Hmm ... NEVS is optimistic. I am not ! The judges' assessment, their answer will be instructive!
If the District Court approves the step into the reconstruction process, then the state wage guarantee applies to the employees. At least at this point there would be an all-clear.
In the meantime, the liabilities that NEVS has accumulated became public. 400 million Swedish Kroner, 43,6 million €, are therefore open. NEVS has consistently emphasized in the past that asset values would far exceed liabilities. The question arises as to what a property could be worth if nobody builds vehicles there.
NEVS assumes that it will be able to settle these debts completely with the sale of the unfinished Phoenix platform, which is outsourced to a development company. Negotiations are ongoing.