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Saab's new owner facing bankruptcy petition
Published October 10, 2016
(Nevs)
The company that lifted Swedish automaker Saab out of bankruptcy is now facing financial difficulties of its own.
On Tuesday a supplier petitioned a Swedish court 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 150,000 kronor ($22,000) since February.
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-fuelled models to get production going immediately.
Related: Saab restarts production
https://www.foxnews.com/auto/saabs-new-owner-facing-bankruptcy-petition