Saab's Newest Owners Face Bankruptcy Petition In Sweden
Saab’s newest parent company may soon be declared bankrupt by a Swedish court, once again bringing the make toward the grave.
The Detroit News reports supplier Labo Test has petitioned the court to declare National Electric Vehicles of Sweden bankrupt after failing to receive kr150,000 ($22,000 USD) since February 2014. The supplier provides testing tools to automakers for quality testing of auto parts.
Sveriges Radio adds that CEO Håkan Bodin has no “hard feelings against NEVS,” and would be joyful to receive money owed from the company’s Chinese owners. NEVS communication officer Mikael Östlund, meanwhile, states that though his employer “cannot fully pay any of its suppliers,” NEVS itself is not insolvent.
The bankruptcy hearing, to be held in district court in Vänersborgs, is scheduled for September 8.