It continues ... for now!

In advance, Sweden assumed that the NEVS reconstruction will continue. This is exactly how it happened, the court and the creditors followed the recommendation of lawyers. No surprise then.

NEVS reconstruction continues © 2014 saabblog.net
NEVS reconstruction continues © 2014 saabblog.net

The remarkable thing about this process may be the fact that you can get the green light with so little concrete information. But not everything is negative. But vague and contrary.

Today there are many possibilities of interpretation because neither names of potential buyers nor sums or a detailed schedule were given. Typical NEVS style that we have been used to for months and that always leaves a feeling of blurring. While NEVS CEO Bergman assumes that the owner will have changed by the end of the approved reconstruction on November 29, it was heard from another source that - if it takes a little longer again - they want to apply for a further extension . In theory, the NEVS reconstruction can be extended to a maximum of 12 months.

The current procedure costs NEVS, regardless of the state wage guarantee, € 4 million per month. The cash situation is still tight, I admit. The necessary funds come from loans from the main shareholder, the sale of parts that are in stock at the factory, and further loans; as soon as contracts are signed, one of the new partners will contribute to the costs. In one of the many interviews today, Bergman confirmed that he wanted to bring four new models onto the market two years after joining the company. The upcoming main shareholder should be ready with the required investment of many billions. NEVS would like to offer more model series under the new owner than was the case with Saab Automobile AB.

Regardless, one would first have to get the brand name back. A decision that Saab AB has to make, and whose outcome may depend on who joins Trollhättan as the new owner. NEVS was optimistic today and assumed a positive decision.

How well-founded the statements are is difficult to say. If you listen to Bergman, you could already have a Saab reborn project in mind. If you hear other sources, then it is not to be expected that Saab AB will make the brand name available again. Fredrik Sidahl, chairman of the national supplier companies, has a third opinion. He sees NEVS in the future both as a contract manufacturer and developer for other brands and as a producer of its own products.

Regardless of the din about the future visions, NEVS seems to have made progress with the negotiations - with whoever. In Trollhättan, there are increasing signs that a partial conclusion will be reached, even if everything is vague and difficult to assess. A highly flexible, compact, modern plant like the one in the Stallbacka does not seem to be uninteresting. For whoever ... The NEVS reconstruction runs until November 29th. By then, NEVS will either have successfully found a new main shareholder or seek an extension. We will see. Do I dare to make a prognosis? No.

19 thoughts on "It continues ... for now!"

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    An advantage could really be there. There used to be severe overcapacities in the automotive industry. Some plants have been closed in order to dismantle them somewhat. Trollhättan should also be shut down. That would have happened without Viktor. Thanks to Viktor and then NEVS, however, somehow without dismantling in a “time capsule”, the plant started a journey into 2014, where it could suddenly be more interesting for automobile manufacturers due to its efficiency and equipment.

    There has been a lot of money in the refresher.

    That gives some hope.

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    The white knight with many billions ... they are of course ready to invest in a company and in a management team that has almost no substance other than paper scenarios. (Except for a work that has been sold to investors and leased back and a platform that is not ready and may already be out of date in the meantime). In addition, the lack of trademark rights and the block on the leg that NEVS wants to stay with 20%.
    Adventurous or visionary?… ..NEVS has not done anything that would lead to trust. The technical tinkering with the e-SAAB, which took 2 years to do, gives little reason for hope. That takes a week elsewhere.

    There are many visions, the world is big and everything is possible: Maybe Apple will join in and produce the next Tesla on SAAB 9-3 basis in Sweden?

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    So I think you have the matter sober times and not see through the pink glasses!
    Sorry but the whole thing back and forth shows that NEVS has already driven the cart in the dirt! I like SAAB but that sucks ...!

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    As a longtime owner I see the following as the only problem:
    No sale, no production means no sales.
    There is no business without sales.
    As simple as that.
    Saab died a long time ago.

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    Thank you for this report, Tom! That was just something other than the touching Gschichterln about Saab experiences, Sunday trips and finely cleaned vintage cars. This week is my 9-3 Combi from 2007 for a thorough technical examination in my still perfectly functioning Saab workshop in Vienna. And then we can decide if he's going to play for two more years. After these messages of today in I confident that it is worthwhile to work towards it.

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      Well, with a 2007 this shouldn't be a question - it can't have anything great yet ?!

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      2007, but hello. My 9-3ers are 1998 and 2000, they stand there like an 1 and I think they will run for a long time. So with an 2007er I would not worry, they will delight you at least 10 years! Always good drive and greetings from the CH, Hans

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        Many thanks for the encouraging words, also to SAABY65. Today's technical review in connection with the TÜV sticker has shown that my 9-3 Combi (with deer) from 2007 with 115.000 km does not have the slightest technical defects. So I'll keep him and only have some minor paint damage repaired. Although other dads have beautiful daughters, but I leave their brochures now for the first time.

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    It goes on…., The open-ended rum vulture from NEVS!
    But now it does not matter anymore for a few weeks.
    Thankfully, what's on our doorstep has a long breath.

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    What is next? With the ups and downs? Who really believes that SAAB new cars will ever leave the factory in Trollhätten again? Not me!

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    Thanks for the information! Anything can happen, we know that, but I prefer the slightest spark of hope to having the certainty that it's over! I just don't like to put up with the Youngtimer thought! As a hobby, yes, but in everyday use I want something new and nothing warmed up or kept warm !!

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    So here in the city 4 hospitals have just been sold to a private carrier. Here, too, the workforce did not notice anything for at least half a year, for months it was silent about who the buyer could be, how many jobs (of over 800) were being cut, which hospital was being closed, which departments were being closed and / or relocated, etc ... all of that is economy. And it all repeats itself always and everywhere. I am not worried at all and believe in SAAB and NEVS.
    Next year I want to change to an electric car as 2.Wagen.
    I've been working on the subject of electric cars for a long time.
    Only which of my SAAB should be sold?
    I'm looking forward to the new models and would also order from a sales brochure without the car in Natura seen / Probe to be. Have the SAAB glasses on
    I wish a colorful evening and a thank you to Tom for this blog.

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    Tom, thanks for the info. It sounds like piecemeal as always; probably a temporary death. One is well advised to take good care of his Saab.

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      That with the care anyway 😉. I think everything is open in Sweden, in every direction.

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        I work at the headquarters of Germany's largest automotive supplier for more than 25 years. Our founder said: I'd rather lose money than trust. NEVS could never be trusted; Unfortunately, trust in the Saab brand is lost as well.

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          Indeed, NEVS is losing money and trust; hope the name SAAB will come back to trustworthy cars.

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    Thanks to the whole team for the news.
    Let's see where it's going ...

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    With all due respect. If that's all the information about a reconstruction, then I honestly wonder how a small company thinks about it. That can only make you shake your head. The argument that the main thing is that it goes on no longer applies to me. It all has a bland aftertaste and will do it in about 2 years ... there are new models again ...... no better. We have known everything for years. How long do you want to fool dealers and customers?

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