Things are evolving ... slowly - as it appears. But - and this is astonishing for me in this specific case - in a positive direction. Long-term patient NEVS seems to be on its way to recovery if one adds up the facts of the past few days.
The Facts: 469 573 creditors are fully paid, with the remaining companies yesterday having the promised first installment in their accounts. Deadline was the 13.Juni, and NEVS paid a few days earlier. Mid-October, the balance payments are due, NEVS would then be debt-free.
As announced on Friday, later confirmed by TTELA and yesterday by Schwedenradio, another partner has found its way to the Stallbacka. It is unclear whether it is a new major shareholder or just an additional shareholder. The contracts have been signed, but NEVS and the unknown party are not yet ready to communicate details, as press chief Östlund announced.
This is not very satisfactory for us as bloggers, and the community finally wants to see facts. But the behavior shows that one has learned from past mistakes. A contract is only a contract when the money is in the account, according to the maxim. A healthy attitude.
The latest developments are exciting, and another chapter may just be added to the Saab saga. In the days leading up to the festival, there was a high number of visitors to the Stallbacka, which is difficult to classify. The delegation came from Asia, but not from China. A prognosis: there could be more than one major shareholder in the future to secure financing and future of the plant, and (maybe) the Saab brand. If long-term financing and the industrial background of the new shareholders are correct, there would be a chance for the brand name to return to Trollhättan. We will see ! Let's get to the options!
Soon production in the factory again?
A future pillar of NEVS should be contract production and development. At the press conference in front of international fans, NEVS CEO Bergman spoke about the future distribution of production capacity. In 3 shift operation, 180.000 vehicles could be built per year. Two-thirds are to wear the Saab logo (!), A third of which is planned as future contract manufacturing. These vehicles would have a different brand on the hood. Was it just coincidence or intention that the speech came to this topic?
The contract manufacturing plans seem more concrete and more advanced than it appears. After the summer holidays, the preparations for the contract production should start, then up to 60.000 vehicles of a third-party brand could roll off the production lines in the Saab factory. As I said, this is an unconfirmed option, but there is a certain likelihood that it could be correct.
For Trollhättan and the Saab plant this development would be more than welcome. Lack of work and prospects are still a big issue in Saab City, though not as oppressive as a year or two ago. Getting the factory up and running, keeping it running in 1 shift operation, until new Saab models may roll off the line in 2 to 4 years ago, is the challenge for NEVS. If it succeeds, a big step towards stability and future for the automobile location Trollhättan would be done. I would wish !