Saabgun
Member
1 year 6 months ago

Let’s hope they have some good news at the Saab festival in the beginning of June. As long as things keep moving there’s
hope.

Romac
Member
1 year 6 months ago

Where there’s life there’s hope… …but in English the word “prolonged” is often not positive — my mind keeps replacing the phrase “reorganization of Nevs” with the word “agony” :-/

Mailr
Member
1 year 6 months ago

There is more good news at ttela.se, the debt reduction agreement should succeed, according to Nevs it has been pre-approved by enough creditors to pass. And Nevs say they will exit reconstruction when the debt reduction agreement is formally approved.

Angelo V.
Member
1 year 6 months ago
I’m encouraged that this is continuing. Where there’s life, there’s hope—-and there’s still some life here. The real question becomes, if NEVS survives, what changes will be made in the organization? In other words, if the end game here is to steer through the financial disaster and get another chance—-but it’s the same people leading and the same business philosophy—-if that’s the goal—–we’re doomed, because in a very short time, they will be in deep trouble once again. NEVS=Fail. But if this is steering to major changes—-a new principal owner, totally new Saab—-then we all have a reason for optimism.… Read more »
Mailr
Member
1 year 6 months ago

Well, we will have to wait and see. But it was already said early on that there is a new business plan as the basis when OEMs enter the game, and I expect that to morph once the OEMs enter anyway…

Red J
Member
1 year 6 months ago

Angelo,
it makes sense to believe that this is the long journey to a new majority owner. So at the end of the tunnel we will find new decision-takers.
So let us hope that those have a more successful plan for a future Saab car company.

95saabowneruk
Member
1 year 6 months ago

The main thing is everything stays intact and a restart is possible. As Europe emerges from the financial crisis investment capital becomes available and new people arrive on the scene. I don’t think we should be too critical of NEVS from this point on. They have shown admirable tenacity in keeping a new future for Saab at least in the realms of possibility. We should be supporting them now and furthermore, I would now expect them to have learnt some important lessons from the first 18 months they were in charge. Time to more on and be positive.

Angelo V.
Member
1 year 6 months ago
No, I don’t agree with that. KJJ is in this for his own financial survival—-this doesn’t appear to be some tenacious, noble effort to “save Saab” for the masses—-it’s a horrific failure and someone trying to pull their own fat out of the fire. If anything, for all we know, he’s been an obstacle for a transition to a new owner, trying to salvage every last penny he could out of this and grinding the process to a halt. We don’t know. But the last thing I want is for this crew to have “learned lessons” and continue to run… Read more »
hughw
Member
1 year 6 months ago

Today. the Euro was worth $1.06 down from as much as $1.40…..that should certainly help any European manufacturer that wants to sell in the USA.

On another note, at the recent Apple shareholder’s meeting, investors were asking Tim Cook why Apple wouldn’t but Tesla. He took great pains to avoid answering the question…

Red J
Member
1 year 6 months ago

Hugh,
Sweden still has the Swedish Crown as currency 😉

SVAB
Member
1 year 6 months ago

SEK is close to a 10 year low compared to the USD. So different piece of paper, but same result.

SVAB
Member
1 year 6 months ago

Actually, what is really important is a strong Rupee.

Doug R.
Guest
1 year 6 months ago
Well Nevs survives for another day,,,, one thing is certain if Nevs gets out of reorganization certainly doesn’t mean that Nevs and Saab move forward… No way does Saab AB reissue a license, Nevs may have Zero obligation to make Saab cars in the future.. That said Nevs has stated, as I have said before,,, Its plan was to contract production for x OEMs,,, be involved with R&D on a contract bases.,, Maybe Qoros will contract with them for the plant etc.. The point is, as of today Saab is dead… We have no idea, or factual proof that there… Read more »
SaabKen
Member
1 year 6 months ago

Agree with Doug. Unless SAAB AB permits *whoever* becomes the principal owners of the “company formerly known as Saab Cars” to actually have the rights to use the Saab marque, we are all but cheering for the organization (NEVS) which finally laid Saab Cars to rest, not for Saab Cars itself.

Angelo V.
Member
1 year 6 months ago

We’ll know something this Summer I guess. I’m holding out home that Mahindra is still trying to get the rights to produce Saab branded vehicles. It’s a wait and see game at this point.

Romac
Member
1 year 6 months ago

I heard that GM wanted back in but the sticking point was they wanted Nevs out. The guy who told me wanted me to tell it to everyone, but especially the marines.

Saabgun
Member
1 year 6 months ago

I was wondering, Nevs is finishing 100 cars that were still in production . As shown on SU, these cars carry the Saab logo how can this be explained when they lost the license off the Saab brand.

Angelo V.
Member
1 year 6 months ago

Maybe on a technicality, since the cars were “already in production” or “finishing a run” they have the right to complete these final 100. And again, we might not even be seeing the last 9-3s. Let’s not jump to any conclusions.

Red J
Member
1 year 6 months ago

Tim once said that technically those cars already existed before SAAB AB took NEVS the right to use the SAAB branding on any new product.

Making it simple; nobody has to remove the SAAB badges from their cars. 😉

Mailr
Member
1 year 6 months ago

According to an ad for one of the cars, they are supposed to be delivered week 15, i.e 6-12:th of April. Nevs have indicated they plan to be out of reconstruction at that time, and have finished at least one of the OEM deals.

Technicalities aside, I don’t think this is anywhere near a real problem, as it’s only a problem if Saab AB doesn’t approve it. If the brand name negotiations really are as close to finish as saabtata has indicated, Saab AB is unlikely to have a serious problem with this.

WD78
Member
1 year 6 months ago

Roumor has it that… (SvD Näringsliv webiste, google translation) -According to a source of advisors with direct insight into the deal, Mahindra had several weeks before, in mid-November, broke off negotiations with Saab AB for the Saab brand. Mahindra had then signed a contract with Nevs, without obligation, in the end of November / December.
But Mahindra had, according to the source of advisors, no intention to buy Nevs, but did so only to give Nevs time to find new solutions.

hans h
Member
1 year 6 months ago

Swade has something to say about this over at his blog swadeology.com.

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