NEVS Has The Money Needed For Production
Yesterday P4 West reported that in the annual report of NEVS first year that as a company they had lost SEK 120 million and they have enough money to produce Saab cars once again.
Mikael Östlund stated that the loss was expected and was all according to the business plan.
In early summer became the Chinese city of Qingdao partner and has paid 649 million dollars for 22 percent of the shares. While it has given promises to Nevs may borrow further over 1.1 billion, according to the annual report.The money is enough to start building Saabs again, writes Nevs.
We have financing that covers the company’s activities in 2013 and that is enough to resume production at the factory in Trollhattan and it derives also from the enhanced funding we received in that Qingdao is now a partner in NEVS, says press officer Mikael Östlund P4 the West.
According NEVS will get more money this year, but the work to include developing cars and start production will also lead to increased costs.
Very interesting times at SAAB/NEVS to say the least. Personally, I would like more information than that production is starting again. It’s great to hear that production workers will be once again making SAABs and SAAB cars will be on a road in the future but for me, I want to know precisely what roads and a layout as to when and what markets will be added.
This is a great thing to be celebrated and I am so happy for the workers that will be called back.