To be or not to be

Today is an important day as all creditors to NEVS are gathering in Vänersborg to listen to administrator Lars Eric Gustafsson. Key objective for the day will be to get either on the reconstruction plans.

© 2014
© 2014

The plans were made public last week (see more details in my post from October 2nd) and as they carried the “preliminary” label, I am expecting some new information to be announced today as well (for anyone interested in following the coverage live, Sveriges Radio is providing updates here).

Having said that, the key question is really whether first the creditors and later the district court have sufficient faith in the plans for the reorganization to continue. Interestingly enough local sources reporting around “Plan B” -where NEVS would turn into a contract manufacturer for other brands- have been mainly positive, while “Plan A” -new ownership- seems more unlikely.
As Swedish daily SVD is reporting this morning, it appears that SAAB AB is determined not to grant the license to use the SAAB brand back again, and if true, this would really give another spin on the “to be or not to be"Question that is on the table today.

To be continued…

4 thoughts on "To be or not to be"

  • Any news from today's hearing? Can't speak Swedish, unfortunately. For me, Schwedenradio News is at most a guessing game

    • Coming. I'm just back at my desk and write ... patience 😉

  • Hello there ...
    do you know at what time there will be some kind of an answer ... or something?

    • The district court just ruled in favor of continuing the reconstruction. So it's “be”, at least for now.

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