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Nevs applies for prolonged reorganization and composition proceedings

February 26, 2015 in NEVS, News, Press Releasse

Today, Thursday February 26, 2015, National Electric Vehicle Sweden AB (Nevs) applies for prolonged reorganization and composition proceedings to the District Court in Vänersborg.

In a meeting at Nevs today, the company and the reorganization administrator will inform present creditors of the composition proposal sent earlier, together with Nevs’ goal and plan to exit the reorganization.

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by RobinM

Press Release from Nevs

February 19, 2015 in NEVS, Press Releasse

A composition to get Nevs out of reorganisation

National Electric Vehicle Sweden AB, Nevs, provides unsecured creditors a composition proposal in order to exit the reorganisation. It creates the conditions for completion of ongoing negotiations with two major OEMs and the implementation of a new business plan together with partners and owners. Nevs’ owners and management has noted the difficulty of completing this type of complex negotiations during a reorganisation and the risk premium it implies. The current negotiations, together with two major OEMs, are mainly focused on two tracks that are complementing each other. One is to form a technical joint venture company in Trollhättan and the other is to introduce a new majority owner in Nevs, with the plan of making Saab cars a global premium product.

-     The negotiations are progressing but we also see the complication of reaching an agreement when we are in a state of reorganisation. Our main owner has single-handedly financed the reorganisation and intends to get us out of it. In order for this to be possible financially, we need to reach a composition arrangement with the creditors, says Nevs CEO, Mattias Bergman.

The composition proposal includes a composition of 50 percent for unsecured creditors on claims over 500’000 SEK. Meaning that from a total of 573 creditors 469 will get their full claim paid, and 104 creditors will have their claims above 500’000 SEK reduced by 50 percent.

-     Provided that Nevs’ composition proposal is accepted, it is my judgment that the prerequisites are favorable to also reach an agreement with a financially strong OEM, and thereby enabling a continued business potential for the creditors. With this said, it is my opinion that accepting the composition proposal is advantageous for the creditors. The alternative of a liquidation would likely result in a lower dividend several years later, says the Administrator, Attorney Lars Eric Gustafsson, Hamilton Law Firm.

All creditors are invited to an information meeting at Nevs in Trollhättan on 26 February.

Attached is the Administrator Report. Click here to read it on Hamilton law firm’s website. 

Mikael Östlund Director Communications and Public Affairs

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by till72

Press Release: Orio acquires supplier based Nevs tools

December 19, 2014 in News, Press Releasse

Orio acquires all the supplier-based tools for production of spare parts for Saab cars

Orio AB, formerly Saab Automobile Parts AB, has signed a contract with Nevs and has acquired all the tools located at suppliers and used for producing Saab Original spare parts for all existing Saab models. This secures that Orio can ensure the long-term availability of Saab Original spare parts for all Saab cars globally.

“This is a strategically important acquisition which safeguards the production of Saab Original spare parts in the long term and ensures that we maintain our position as the sole supplier of the entire range of original parts for Saab cars.Saab owners, workshops and other customers all over the world are now guaranteed a supply of spare parts well into the future,” says Jonas Tegström, CEO of Orio AB.

The purchase includes 12,500 tools for manufacturing of spare parts for all existing Saab models. Orio previously had the right to use the tools, but has now taken over full ownership. The tools are located with the suppliers which produce Saab Original parts. The suppliers have been informed about the change of ownership and production of spare parts will continue as normal.

Nevs and Orio AB already have a cooperation agreement concerning the distribution and support of cars produced by Nevs. Nevs will still be able to use the tools to manufacture parts for its production of the Saab 9-3 and other future models.

“Saab Original parts will be an important part of our business for many years to come and owning the tools will be financially beneficial. We will continue to increase our market share for Saab Original parts and are expanding our customer base and network of workshops in order sell our products more widely,” says Jonas Tegström.

Facts Orio AB:

– The company is responsible for warehousing, sale and distribution of Saab Original parts and accessories for all Saab Service Centers and Saab Parts Centers globally and also sell logistics and technical services.
– Number of employees in Sweden: Nyköping about 260, Trollhättan about 50. The company is headquartered in Nyköping.
– The company has subsidiaries in its 9 main markets in Europe and the USA.
– Number of employees in the subsidiaries: about 55.
– Have been responsible for Saab Automobile spare parts handling since the 1960s and are the sole distributor of the entire range of Saab Original parts.
– Storage area: around 88 000 m².
– Storage: about 70 000 articles.
– Capacity: about 30 000 order lines/day.
– Shipment of 50 trucks distributed each day.
– The company is fully owned by the Swedish state.
– On November 13, 2013, the company changed its name from Saab Automobile Parts AB to Orio AB.

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by Red J

Nevs and Orio AB sign agreement on global spare parts supply for the new Saab cars

April 15, 2014 in NEVS, Press Releasse, SAAB Parts

National Electric Sweden AB, Nevs, has ensured the spare parts supply for the newly manufactured Saab cars by an agreement with Orio AB, former Saab Automobile Parts AB.

The signed agreement now ensures the supply of spare parts for the new Saab customers. The global distribution agreement guarantees that spare parts for the new Saab 9-3 cars manufactured by Nevs in Trollhättan, Sweden, can also be ordered from Orio AB. For service and repairs as well as warranty measures, Nevs guides its customers to the existing Saab Service Centers.

“Our new Saab customers can now be confident that the long term supply of spare parts is ensured through established Saab service centers. Both Orio AB and Nevs are glad to forge closer ties between the two companies, as our agreement gives all Saab owners a high service level”, said Jonas Hernqvist, Director Sales and Marketing of Nevs.

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On December 2nd Orio and NEVS signed a letter of intent now they have signed the final agreement which is good for new and old Saab drivers. New drivers get access to a network of well educated Saab garages and mechanics, and old Saab drivers have now the certainty that Orio is here to stay and will have some more weight when asking a supplier to produce some spares for older Saab cars.

Morgan Fransson appointed head of Manufacturing from 1st March

February 24, 2014 in NEVS, Press Releasse

Stig Runesson

Stig Runesson
Photo: NEVS / Stig Hedström

Stig Runesson, the current head of Manufacturing & Facilities, retires 1st June.

From 1st March Morgan Fransson, (today head of Paint Shop and General Assembly),  will be the head of Manufacturing. Stig Runesson remains head of Facilites until his retirement on 1st June. Both Morgan and Stig are part of Nevs’ Management team until then.

Yesterdays sales of the Saab 9-3 Aero 2014

December 11, 2013 in NEVS, Press Releasse

Nevs_WM-Blk_2

Yesterday at 14:00CET (GMT+1) the sales started for the new Saab through Nevs website. It was a great start of the sale because they received a total of 15 orders of new Saabs throughout the day.

-”It is pleasing that we directly met an interest that also led to the ordered cars. And our first customer in Trollhättan actually visited me yesterday afternoon. We are humble but also hopeful for future sales. Many people have heard of and want to make an appointment for a test drive, which starts in January “– Jonas Hernqvist, Nevs Sales Manager

Visit saabcars.com

The first new Saabs have been ordered!

December 10, 2013 in NEVS, News, Press Releasse

göran fredriksson

Göran Fredriksson, Photo by Stefan Bennhage

As we all know, the Internet sale of the new produced NEVS 9-3 Aero 2014 started earlier today, and the sale started at 14:00CET (GMT+1) on saabcars.com. And it turned out that interest in new cars is there, already at 15: 30CET (GMT+1) they had recieved 10 orders.

– “It’s quite a lot of traffic on the website, simply good statistics, said Göran Fredriksson Nevs communication department to TTELA at 16 o’clock.”

Since they have chosen to an early stage of launching the new car to sale it through their website, there were speculations on how big interest would be. And it turned out that the response and the interest in the relatively new sales channel has been pretty good.

“It feels fantastic! It is always difficult to know how it will go, “said Göran Fredriksson”

PRESS-RELEASE: Production of Saab 9-3 Aero Sedan has started in Trollhättan

December 2, 2013 in Press Releasse

National Electric Vehicle Sweden AB has started production of the Saab 9-3 Aero Sedan with a petrol engine. Sales are initially focused in China with a small number of vehicles being sold directly from Nevs to Swedish customers via the Nevs’ website.

The car that is produced is a high-spec Saab 9-3 Aero Sedan with a 220 hp 2.0-liter turbo, a previously recognized high-performance engine of the Saab cars.

“I am very proud of the dedication and the focus that Nevs management and employees have demonstrated over the year that has passed since we became owners of the plant in Trollhättan, and who have made ​​this possible. Swedish expertise along with Japanese technology around batteries and new lightweight materials and our Chinese group’s focus on green technology is our strength for the future”, said Kai Johan Jiang, Nevs founder and main owner.

“It is truly a complex mission to start a car production process which has been still for two and a half years. It is very pleasing that we have embarked on a journey where we want to and will make a difference with our partners and customers. Our electric car will be launched next year, and already today we can offer Saab cars with continued high, proven performance and quality”, said Nevs’ President Mattias Bergman.

Nevs’ customers will be offered a first class and engaging customer experience. They will also be offered the opportunity to come to the heart of the Saab car brand in Trollhättan to take delivery of their vehicles. While doing so, they will be invited to visit our highly efficient factory with experienced and competent workers and the Saab Car Museum where they can get a flavor of our brand and vehicles.

To ensure a solid ownership experience we intend to offer service and parts distribution in partnership with Orio AB (formerly known as Saab Automobile Parts AB).

In less than a year, the purchasing organization has built partnerships with the suppliers to the Saab 9-3. Nevs now has partnerships with all around 400 suppliers needed for the Sedan model. All in all the Nevs’ start of production engage around 2,400 companies globally through the suppliers.

“It’s been an intense year committed to ensuring Nevs’ start of production. I see our established partnerships as a trustful beginning of the long term and strategic relationships we want to build together with our subcontractors”, said Nevs’ Purchasing Director Per Svantesson .

To ensure our high quality and the supply chain functions, the production rate will be very modest, about ten cars a week initially, and then gradually the pace will be increased to meet customers’ demand.

The electric car based on the Saab 9-3 will be launched in spring 2014, with China as the first market. Nevs’ partner and part owner Qingdao has initially placed an order for a pilot fleet of 200 electric cars with delivery starting in spring 2014.

Sales in Sweden, via Nevs’ website, will start on Tuesday, December 10. The price is 279 000 SEK with manual transmission and 289 000 with automatic transmission. Additional specifications purchase and delivery conditions are presented when the sale starts.

Over time we will develop our customer base to expand into more markets where we see potential for growth and profitability.

Nevs’ vision is to shape mobility for a more sustainable future. Our aim is to be a front runner in the automotive industry, with focus on electric vehicles, where China is our initial main market. The pace of change towards cars powered by fossil free fuels will increase and China currently has the most ambitious efforts for electrification of the vehicle fleet.

For more information about Nevs: http://saabcars.com/en/the-company/