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Saab rescuer facing its own bankruptcy petition
Auto industry » Parts supplier petitioned Swedish court to declare Nevas bankrupt.
First Published Aug 12 2014 09:56 am • Last Updated Aug 12 2014 12:15 pm

Stockholm • The company that lifted Swedish automaker Saab out of bankruptcy is now facing financial difficulties of its own.

A supplier petitioned a Swedish court Tuesday to declare National Electric Vehicle of Sweden (Nevs) bankrupt. Labo Test, which supplies test equipment for car parts, said Nevs had failed to pay bills of $22,000 since February.

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Nevs spokesman Mikael Ostlund didn’t immediately answer a request for comment.

The company, owned by a Hong Kong-based group, bought Saab out of bankruptcy last year after a failed attempt to revive the brand by Spyker Cars of the Netherlands.

Though its plan was to make electric cars, Nevs started off with gasoline-fueled models to get production going immediately.




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