You are browsing the archive for News.

Profile photo of Red J

by Red J

NEVS stands once again on its own feet

April 15, 2015 in News

As no one had submitted objections to the plans from NEVS to pay their creditors the district court in Vänersborg has approved the application from NEVS to leave reorganization. From now on NEVS has 60 days to pay their creditors in part, the second part will be paid within six months.

We expect that NEVS will publish a press release today. we will keep you informed.

What are the consequences of this step?

First, NEVS has no protection any more from the Enforcement Authority, So NEVS has 60 days to get the money to make this first payment, and I don’t think that any creditor will grant them one more hour.

Second, NEVS can take its own decisions and so it will be much easier for them to sign any contract with anybody.

As of today there seems to be three parties with different interests in NEVS. One wants to be a majority owner, a second one wants to develop cars based on the phoenix platform and the last one wants to build cars in Trollhättan. Which of those contracts will come true nobody knows, but as they don’t exclude each other any combination of the three is possible.

The Saabfestival in June is getting more and more a “must be there” appointment.

Press release from NEVS

Nevs has exited the reorganization

The District Court of Vänersborg has today, April 15, 2015 decided that the reorganization of Nevs shall cease as the purpose of the reorganization is fulfilled.

The reorganization of Nevs was initiated August 29, 2014 for a period of three months. The reorganization was prolonged for a period of three months at two occasions, December 11, 2014 and March 11, 2015.

On March 23, 2015 the District Court of Vänersborg approved the composition proposal by Nevs after a vote where 98,2 percent of the creditors representing 98,6 percent of the amount of the debt was in favor for the composition. On April 14 The District Court’s approval of the composition became legally valid.

Link to the decision, (in Swedish only)

I haven’t found no new information on the text of de decision of the district court, but maybe my Swedish isn’t as good. :-(

Profile photo of till72

by till72

Special Sale By RBM

March 30, 2015 in News

banniere gamme offre special rbm en

RBM Performance celebrate the registration of its twenty thousandth customer!
We wanted to thank you for your loyalty by making a new and exceptional offer : The opening of a promotional section for a limited time.

So we developed our «Special operation» range, containing parts of all types, for all your SAAB, and many bestsellers.
It is available until March 31 included, within the limits of available stocks.

You will have access to highly requested parts at the best price, all items available in this section are available with a discount of -20% thanks to the voucher code :



March 27, 2015 in News

As stated by Robin in this weeks SOTW, I will be taking over this feature from next week. Please send me pictures of your beloved Saab cars along with any story, history etc to accompany it and I will make sure it is featured here as a SOTW.

I look forward to featuring your cars,



Profile photo of Jeff

by Jeff

Mahindra May Aquire Pininfarina

March 26, 2015 in News

While we’ve been waiting on pins and needles to see if Mahindra & Mahindra may actually comes out as the chief OEM investor in NEVS, there’s a piece on Bloomberg that claims they’re also looking at buying up Pininfarina. You’ll remember that the Italian design firm also employed Jason Castriota not so long ago. Might we live in a world with an Italian designed, Swedish engineered and produced, Indian owned car maker?


Neo Brothers – 96SS BREAKING NEWS

March 24, 2015 in News

In preparation for the SOC 2015 Cadwell event in July, our 96ss will within the next seven days be put on track (at an undisclosed location) for its inaugural track test.

Watch this space for updates…

Neo Brothers

Nevs’ composition proposal approved by Court

March 23, 2015 in NEVS, Press Releasse

SAAB Factory March 2013A press release from Nevs today;

The District Court of Vänersborg today approved the composition proposal earlier presented by Nevs, as the stipulated number of creditors’ votes needed for the court to decide in favor of the composition proposal was achieved.

The number of present creditors entitled to vote, and those who on beforehand had approved the proposal and signed a proxy for the Administrator to vote for them, amounted to 98,2 percent of the creditors and 98,6 percent of the amount of the debt.

The composition means that claims up to 500’000 SEK will be fully paid, and that claims above 500’000 SEK will be reduced by 50 percent. Of a total of 573 creditors 469 will get their full claim paid.

The payments will be performed in two steps. The first within 60 days from the date that the Court’s decision is legally valid, and the second step within six months from the same date. The composition as well as the operating costs for the coming months will be financed by Nevs’ main owner. Nevs intends to apply for exiting the reorganization as soon as the composition is legally valid in mid-April.

“A composition was needed for Nevs to exit the reorganization in order to be able to sign commercially viable agreements with our OEM and financial partners we have been in dialogue with for a long time. We appreciate the support from our suppliers, with whom we want to continue to develop long-term relations”, said Mattias Bergman, President Nevs.

“My duty as Administrator is to secure that the composition is favorable for both the company and the creditors. Todays’ decision creates possibilities both for the development of Nevs’ business as well as future business potentials for the creditors”, said the Administrator, Attorney Lars Eric Gustafsson, Hamilton Law Firm.

Sad News

March 19, 2015 in News

Some of you may recall a couple of posts I put up in August last year regarding a track day being held at Castle Combe race circuit here in the UK. (links here and here)


The Saab gathering was organised by GWS Saab group and was dedicated as a special day for one of it’s dear members and good friend Mark Ovens aka ‘Parish’ who had been diagnosed terminally ill. It was thought at the time that Mark may not get to see Christmas and that the event may well be the last he would attend, as a result of this the turnout on the day was fantastic with over 50 SAAB’S making it to Castle Combe!

Thankfully he did get to see Christmas but unfortunately passed away last week.

The day at Castle Combe was amazing, a day which Mark thoroughly enjoyed from start to finish. The organisers even managed to halt the days’ racing to allow all our SAABS to have three parade laps of the circuit with Mark riding upfront.

Mark and his wife Karen have been regular attendants to many Saab events both here and abroad over the years. He was a big Saab fan just like all of us and will be sadly missed.

On behalf of SAABSUNITED I would like to pass on mine and our deepest condolences to Karen and the family.

His funeral is being held on Semington Crematorium, Trowbridge, Wiltshire, BA14 6HL
on Thursday 26th March
at 11.30am.

Anybody wishing to attend are asked to do so in their Saab if possible please and are also requested to wear a powder blue tie.





Profile photo of till72

by till72

Rumour Thursday: Mahindra No Longer Interested?

March 12, 2015 in News

Today SVD ran an article basically stating that Mahindra already backed out of the negotiations with Saab last November. Just a day after the reconstruction was prolonged this again looks like bad news but even though I regard Jonas Fröberg as one of the better informed authors when it comes to Saab some of the statements in the article make me wonder.

The theory that the article builds up is based on a source that seems to be from among the consultants that work(ed) in the reconstruction process. One key statement is that while Saab AB wanted to get fees for the right to use their brand name Mahindra had expected to get it for free. This is said to have ended the discussions because Mahindra (and their business plan) was not prepared for that. It is hard to believe that and I doubt that Mahindra would be that blue eyed. Nothing in the business world is for free and the right to use a brand name ususally costs serious money.

The other rather strange statement is that Mahindra only signed the non-binding agreement with NEVS to help them enter reconstruction and avoid instant bankrupcy. Again, I find it very hard, if not even harder, to believe that. What should drive Mahindra to sign a paper like that when not intending to act accordingly. It might even put them in danger of legal actions since this was one main reason the reconstruction was granted.

When SvD contacted Mikael Östlund he declined to comment on rumors but stated clearly that “negotiations with two automotive manufacturers are ongoing”. Saab AB did not want to comment on the article either.

I’m afraid we will have to wait and see (again) until more info sheds more light on this. But still, with this being the second article from SvD that attacks the credibility of NEVS and others in the process I feel like using a loose quote: something smells in the state of Sweden…