According to P4 Väst Saab AB reacted to NEVS’ application for reconstruction by cancelling the agreement to use the Saab name on the cars made in Trollhättan. Saab AB’s spokesman Sebastian Carlsson did not comment on any details of the decision. Also NEVS did not publically react on the announcement yet.
While the news of those last two days were not what we like to hear I’d like to encourage you not to panic right away. A main point for Saab AB is to ensure that they are not associated with another bancrupcy process like the last. In the current situation there might be a chance for that worst case but it’s not nessesarily the case. Such an agreement can be revived at any time if there is that new investor that gives Saab AB enough confidence.
And the case that Saab AB and most of the suppliers with insight in the negotiations taking place between NEVS and their future partners have been rather patient with the open invoices shows that there is at least enogh confidence to give it some time. The application for reconstruction was mainly a move to get a bit more time for finalizing the ongoing negotiations under the protection of such a process. We will see how quickly NEVS’ appeal of the court decision will come now, but I think we won’t have to wait too long.