NEVS applied to leave reorgnization

According to the local newspaper ttela.se and to SwerigeradioP4 NEVS has applied to the court to terminate the reorganization period on the 14th of April.

They have chosen the 14th of April as the composition can be appealed until the 13th of April.

This is an already announced step, but it has been done now. After the 14th of April NEVS will be in a better position to negotiate with the new partners.

Next step is to present the cooperation contracts or new ownership contracts, and I don’t think we will have to wait long for that.

66 thoughts on “NEVS applied to leave reorgnization”

  1. I guess this is good??? It’s hard to know anymore. This process has been so tortured and NEVS is so quiet at all times, it’s hard to even know what this means for the future, if there will be one. Good luck to them. Whatever.

    • Angelo,
      this is quite neutral in a good-bad graduation. It is just a needed step.
      I’ve heard that NEVS will have more to tell in the days to come, so expect them to be less quiet in the near future.

      • Red: It’s staggering to me that this comment I’m making now is only the 4th one since this entry went live. It’s been up at least 4-5 hours now. There was a time when there would already be dozens of comments made on even lackluster news like this. Now? Now we can count them on one hand. I think the community is just worn down. It’s sad to think that we might have reached the tipping point where even Saab loyalists can’t be bothered any longer and have moved on. Tim moved on—that was a clue that this has gotten depressing to the point of insignificance. He lived Saab for years—and pretty much cut ties, now in BMW. That’s solid evidence that there’s a mess in Trollhattan that might not ever get sorted out. If he gave up, that’s damning.

        • Hi Angelo,
          I can’t speak for anyone else, but to me it is sort of redundant commenting about an article like the above, because I don’t know what it really means for Saab or the people who make them. Also, as the article doesn’t represent an obvious turnaround for the company, I think other loyalists, much like myself, would rather see how it all plays out over time rather than speculate, criticize or fantasize with every article.

          If an article came out tomorrow “Mahindra buys Saab and lays out a seven-year plan”, I think we’d see the community respond in force, but I feel like this is too minor or is too incremental for everyone to spout their opinion. I do believe that the community still exists, but we’re just older, wiser and more contemplative 🙂

          • I am one of those. What’s the point? I don’t know what it means. I’m skeptical and the only thing that might save it all is a buyer with a vision and some money. Without that, there’s no chance any Saab DNA survives. So I’m watching, and waiting.

            My 9-5NG, without a warranty it’s final three years has reached a point where it would have been out of warranty anyway and I’ve had no major or minor repairs (okay, well, a melted bulb socket). I beat the system! My 9-4x has 9 months left on its aftermarket warranty and that one I HAVE had to use.

            • Same experience and comments Chris, wait and see and enjoy the 9-5 NG, my 2011 BioPower is also past its 3 years, with a melted bulb, front disks and a noisy pulley have been the only repair items in 38,000 miles, so nothing unusual and such a great car! The second hand market is still offering some great cars at good prices, I am looking at replacing the 2002 9-3 convertible with a 2008 or 2009 Aero convertible, low mileage ones go for less than $15,000 here in the US.

        • Angelo V: Most people who moved on to other brands will find out that a SAAB was more fun to own and drive. They will probably trade back when the time comes for a new car. Myself stopped travelling in my work when my company forced me to drive diesel cars like Volvo and VW Passat (Tractor´s). I will never give up driving SAAB´s.

  2. Yes, still here and here to stay! Even in the best possible situation, the comeback of Saab will still take some time. But indeed, I agree with Red J, when things start rolling and there are more positive developments to talk about, more interaction will take place again. People can then look forward to a future for Saab, in that case waiting in the meantime is manageable with hopeful developments to anticipate.

  3. The number of comments here isn’t very important, Angelo. What is important is whether there will be a reaction when something major actually happens or not. Time will tell. I for one am watching the events very closely (closer than most people outside NEVS) but there isn’t much to do right now but wait.

  4. I am still here too ! And i am waiting and waiting …..and I realy hope,that one day,will be some new real saabs again.Expesely BIG sport combi.

  5. This sounds promising. The article from the radio source indicates that there still is a licensing issue to work out with the Saab brand, which is of no surprise, but it is curious that NEVS continues to have the Saab logo displayed at these press events. Could be that SAAB AB have not yet yanked the license from NEVS, which also may be a good omen. Overall, this appears to be a major step in the right direction.

  6. I can’t see the point of making the same comments every time after all these years. But I’m sure we’ll all wake up when something important actually happens. For now, I’m very happily into my older Saab’s, and looking forward to the day we see some interesting engineering and design come out of Trollhattan again. The brand is still special.

  7. Ever day I check for new articles, I suppose I should comment more just so the makers of the site know we’re out here. I would hate if SaabsUnited closed down… I seriously hope they don’t, I hope they hang on at least long enough to know how this will end one way or another. I’m fairly certain this last decision is exactly that, if things can’t get sorted out here then the brand, all remnants of the factory and all, will liquidate. By this last decision I mean the “oem” who is interested and wants NEVS to be out of bankruptcy to proceed. Whoever it is… if they bail, I think it will be the end. Until then, though, I just keep living life and checking every day to see if there’s any word. In a way it’s like trench warfare… we’re at a bit of a stalemate, but it can’t last forever.

  8. In the late 80’s and the early 90’s Audi was the softest car on the market. When VW purchased Audi, it took the company around 10 years to rise from the ashes, but today, they are one of the hottest selling cars on the market. Really don’t know why other than the DRL lights. I drove some Audi’s lately and wasn’t impressed at all. The same story goes to the Mini Cooper. So it is really irrelevant what happens tomorrow or next month, what really matters is the brand and the reputation of the car. If the name, Saab doesn’t appear on the hood of the cars rolling off the plant in Trollhattan, than the future is grim.
    If the name is kept with the traditional quality, comfort and that over all “feels good to drive” feeling that Saab was famous for, than it can be one of the the hottest cars on tomorrow’s market.
    You need to own a Saab to really appreciate it. The little things that you notice, not during a 15 minute test drive but throughout your entire ownership experience makes the care special. Has anyone listened to the sound that the doors make when you shot them? Try it one day, than compare it to your Audi or Cadillac…Big difference, or did you ever notice that your automatic transmission in your Saab is always in the right gear? That’s just a few of many things.
    We have a few other cars besides our 2 Saabs. They are luxury brands from other manufacturers; nice cars, with powerful engines and all the useless digital gadgets on a 9” inch screen, but no matter how hard I try to recreate the same feelings for those cars, I can’t do it.
    Bottom line: the new owners of the brand (whoever they are) should create a marketing strategy around the ownership experience that is significantly defers from any other brand vs. just hope that a short test drive, a good salesman and a 5 sec TV commercial will do the trick.

    • +900

      a) GM didn’t market Saab’s in a way that the THN factory capacity threshold would ever be jeopardised
      b) Their own crap would be exposed

      No wonder sales was slow…

    • Thank you for of the best remarks that I have seen in a while.
      I do think of the better brands Audi is as close to SAAB as it gets but still not quite a SAAB.

  9. I hope all of you are right that the Saab faithful will return if they’re given a reason. And I don’t necessarily mean return to comment on this site—but I mean return to buy Saabs or at least consider them. I do know something as a reality though: When you lose customers, it’s not that easy to get them back. You don’t just put an “Open” sign on the door and have everything go back to the way it was—-especially not after the damage that’s been done here. Yes, we are in a cocoon of people who love Saabs—-we are not only Saab enthusiasts, but my guess is that most of us are also car enthusiasts, who know a lot about other brands too. Let us not forget that even though there are a lot of us—-it probably wasn’t the majority of Saab owners. In my own experience, I know people who bought Saabs based on someone else recommending one, proximity to a dealership—-boyfriend had one so the girl got one too—looking for a Swedish brand—-a whole host of reasons that people and families ended up in Saabs—-liked them and bought more than one. If they have needed a new car in the last few years, they probably didn’t even know Saab was gone until they went to look! Or, they found out during a service call (if they still used their dealer for repairs) that Saab is no more. Or they saw their dealership torn down (like the one in my area) being replaced by a high rise. A new owner can’t just turn a switch on and get these people back. This is going to be a serious rebuilding effort. And it’s highly unlikely that the cars are going to be the same Saabs that all of you are used to or expecting. There’s new economic reality in the world. A new owner will need to keep some Swedish DNA in the cars—-but anyone who expects 100% production in Sweden and cars that go head to head with Mercedes—-memories from the late 1980s—I think are going to be disappointed. And that will be the good news—-cars wearing a Saab badge, even if they aren’t what we’re hoping for—at least getting people back to work and re-establishing that there IS a Saab. The alternative to that is death.

  10. I guess the name on the badge is important to people, but I’d rather have a new car with a new name on the hood that maintains the SAAB qualities than a rebadged vehicle that with a SAAB label but lacking those qualities.

    • I agree with you 3cyl. And there are vehicles available now that replicate much of what Saab’s mission was over the decades—-in various model lines—from various manufacturers. None of them have the charm I’ve come to love in my Saab—-but some of these cars have the affordability and utility of the very early Saabs, the technology and sure footedness of the later Saabs—-and a mix of luxury and performance of the expensive Saabs. They’re not Saabs, but you can find tidbits of what you liked best about the various incarnations of Saab—-in other cars now on the market. As for Saab itself—-unless it’s purchased by a small, local to Sweden company who wants to do very low volume, very high priced cars—-I’m not seeing a return to where Saab was recently. If the purchase is made by a company from India or China—-I see them moving some of the manufacturing and also going higher volume by any means necessary—including cheaper cars and lower expectations. The alternatives have landed Saab in bankruptcy over and over—-it just hasn’t worked. There will be a new approach. The “electric for China” approach was insanity—flaky—ridiculous. We called that when it was announced, before the ink had dried on the agreement to turn this over to NEVS. It was so obvious that was a fools errand—-it was like watching an accident in slow motion the last 3 years. So that crock is done now, hopefully. We’ll see what’s planned next…if there is a next.

  11. I mostly agree with Angelo–its going to be a very long row to hoe. Look at it this way: when I got my first Saab in 1983, everyone said “what the hell is that thing?”. Later in the 1980s and early 1990s, the classic 900 got to be something of a Yuppie symbol and was even in a few Seinfeld episodes and that sort of thing. Folks then would say “I like your Saab.” Nowadays, its back to “what the hell is that thing?” Time is of the essence, and then some.

    I will disagree with 3cyl a bit. I think that if the new venture looses the Saab moniker, then it will have no real reason to adhere to Saab qualities going forward. Yes, it may have some “Saab” ingredients, but as soon as the venture starts to drift away from maintaining the Saab brand and what that has meant, then the Saab we have known will be no more.

    SAAB AB-work with the investors to retain the Saab brand!
    OEMs: seal the deal!

    Fingers crossed.

    • You are probably right Paul, but in my defense I will point out that SAAB badges tend to fade away pretty quickly and we still love the cars so maybe the label isn’t so important.

        • I’ve come to like the plain silver badge, barely etched with the Saab logo. From a distance, it just looks like a silver medallion. I had my badge on the front replaced under warranty and it’s still quite colorful. The one on the back is starting to show signs of wear. When they fade or chip into silver again, I’m leaving them alone. I think it will be appropriate if Saab is out of business—-to have a car not really wearing a proper corporate badge.

    • John: Where there’s life, there’s hope. We’re on life support here, but not dead. Everything is pointing to a final demise for Saab automobiles. The tea leaves are saying that Saab AB wants to focus on their business and they don’t want a Saab Car division owned by someone else as baggage to worry about. My guess is they don’t feel there’s enough money in it for them to justify the aggravation. That said—-from what we know—-there hasn’t been a final “NO WAY, NEVER HAPPENING, NO ONE WILL EVER BUILD A SAAB CAR AGAIN.” So we can speculate that perhaps there is still at least one party interested in taking over this shambles that NEVS now controls—and with use of the Saab name, rebuild one more time. Is this likely? Maybe not. Is it possible? From what we are aware of, at this point in time—-it’s possible. Maybe it’s not probable, but there’s at least a chance something positive can happen. And to me—-whoever gets this chance, if a chance is given—-if they can get a car produced with the Saab name; if they can rebuild some sort of dealer network; if they ship cars to some former Saab markets and get some semblance of a business running again—-not something ridiculous like NEVS did—-but cars for sale in global markets again, in brick and mortar dealerships where you can go test drive a car—-with a website created by an ad agency and web designer, not somebody’s 12 year old son or daughter—-if they could put some of these pieces in place, even if the cars aren’t stellar at the beginning—-it’ll be a start—-it’ll be life. And it’ll be a building block for a future—-something we haven’t had in a long time. This will still be a rickety foundation—-but if we can get under shelter and stay out of the rain for a while, we can go back in and fortify the foundation later. Apparently, some people are so preoccupied with the foundation being perfect, there’s no structure going up and we’re all wet and freezing at this point. When we’re talking about underfunded companies, which we’re always talking about at Saab—-they aren’t going to be able to do everything perfectly. We can accept that. But it’s time that we come to grips with the fact that we need Saab cars for sale—-not 10 years from now in some form that a few of us want—-for $55,000 in today’s money. No, we need cars for sale in a few years wearing the Saab name, sold in whatever markets they can get quick approval, with a presence and a cash flow. That is what we need—a shaky start is better than a non-starter. NEVS was a non-starter—-a few people who had some bizarre fantasy about selling green EVs to the Chinese. That market is supposedly the fastest growing automobile market in the world by leaps and bounds and they aren’t even buying as many electric cars as the U.S. is. They talk a good game about environmental responsibility, charging stations, pushing their populace to electric cars, etc.—-but it’s all talk. They’ll build another 100 coal fired electric plants faster than NEVS builds and sells those last 100 9-3s. This was a ridiculous scheme and it fell flat as we knew it would. Time for a real change now.

  12. Even if NEVS/Saab pulls through this whole mess, how likely are we to see Saabs be produced to the whole “intuitive/safe” standard that we’ve come to expect from the brand?

    I definitely have been optimistic and hoping for the best outcome for all of this, but I’ve got this feeling that even if this all works out, the saabs that we have come to love and know are definitely long gone.

    Also, I believe they’ve also inadvertently pointed out that they only have one party interested in moving forward. Not only that, but it’s in regards to the technology sharing.. Hmmmm..

    Nevs needs to drop some news on us so we know what to expect. Let’s be honest, we’re some of the last enthusiasts hanging on for them and I’m not even sure that they deserve that at this point.

    • Dropping some news has never been something NEVS believes in. And no, NEVS doesn’t deserve the last enthusiasts hanging on for them. I’m here hanging on for Saab, not hanging on for NEVS. It’s a contradiction to hang on for NEVS and feel as though you’re hanging on for Saab. Hanging on for Saab means pushing NEVS out of the way and having a new owner for Saab, if that’s even possible now. What an utter failure this has been.

      • +99

        I’m rooting for the return of the SAAB marque, and *not* for NEVS which as far as I’m concerned was/is SAAB Cars’ undertaker.

        • Joe: I was a GM hater after they obstructed Muller’s final efforts to find a buyer/investors in 2011. In hindsight though—I realize that compared to NEVS butchering of Saab, GM was “the good old days.”

        • Joe,
          the history has told that GM was not as devil as many think.
          Yes, they did not understand SAAB and the Swedish way of doing things, but also Yes, they managed to streamline a quite chaotic production system that was producing cars at a loss.

          A friend of mine told me yesterday that the history of SAAB Automobile was paved with mistakes, and maybe NEVS is just another one, but history will tell.

          • Red J;
            Agree wholeheartedly! GM indeed did save SAAB!
            That’s more than the shady cast of parasitic characters that have come since could say…

  13. Saab as à brand has no value to any manufacturer or consumer of automobiles on its own. Its the combination of Saab + the model nr. of à serie produced vehicle, that creates à link to history and to the future.
    Eg. Saab 900 has value but just saab or the three digit nr. has none.
    A potential co-developer & a potential majoriy owner / investor in Nevs, knows that all equations will have to include the development of multiple models and to some extent production (although small) in sweden.
    Look at Qoros they have done it all in the right way, hiring top managers from the western clusters of car R&D. But…. with out àn established brand they have à very long journey ahead to profit.

    To buy Nevs, co-develop cars, get the Saab rights, and produce at breakeven cost/profit in Sweden, is the easier way to consumers wallets than what Qoros are trying.
    The world is not big enough for more carbrands, if they cant offer something new, like Tesla. So Saabcars are still something that can work if its genuine restart of the brand:
    Genuine facts:
    1. The original Saab factory is in worldclass shape and on standby for production of authentic saabs.
    2. The Trollhättan-gothenburg area is the centre of asian-European car development with multiple companies many offsprings of both Saab and Volvo. So the swedish engineering cluster has the same or better skills to compete on the global market.
    3. The 900, the Sonett and the Saan Convertible, have with the right design cues massive potential to be reborn again.
    4. My theory; The world 2020 will have more independant car consumer and drivers than the peak period of the late 80s.
    5. The Market has changed, so more people would be interested in Saab.. Think Saab in the 60s-70s in the US.
    – Porche makes SUVs.
    – Minicoopers sell retro models.
    – Electric Teslas sell in high nr.s.
    – BMW makes hatchbacks.
    – Volvos makes exclusive designs.
    – Chinese & Indian consumers by European cars.

    • I’m with you on most of what you wrote, though on Tesla, I’m not sure about “high numbers” for their sales. Compared to who? Tesla isn’t profitable and they are now missing product release deadlines by miles. Frankly, I’m not quite sure what all the Tesla hoopla is about. Sure, it’s a great visionary leading Tesla and creating a huge buzz—-he’s a smart guy and a master showman—-and maybe he’ll sell Tesla off to GM or some other company and make billions on it—-then focus on weekend trips to the moon or something—-but for now, the accomplishment is producing $80,000 electric cars that people like. Is that really an impossible task? $80,000 buys some really, really desirable vehicles. You can do a lot in that class—-the volume doesn’t have to be high, you can spend a lot of time on the production of each car—-in short, low volume sportscar makers have been around for a long time. Tesla supercars still don’t have the range that most drivers demand, so the engineering is half-baked for average drivers. Also, they keep talking about that $35,000 Tesla, which is supposed to happen right after that sport utility Tesla—where are those? So far, it’s been a lot of talk, which is great—I’m not knocking them for doing a great job with promoting themselves—Lord knows NEVS should have had a fraction of Tesla’s ability to create a buzz—-but at some point, people want to be able to actually buy the vehicles.

  14. SU had always been the “goto” place to find the latest and best Saab news, and yes, rumors and speculations….But lately, the editors seem less interested in keeping up with the latest going ons. Today, http://www.saabtala.com reported that they had called the district court and there appeared to be no roadblocks for Saab leaving reorganization tomorrow. Swadeology referenced saabtala this morning and also ran a quote from ttela.se that NEVS will then proceed with finalizing deals with OEMS…not exactly earthshaking news, but where are you SU?

    • At work 😛

      The idea was to post something today, but nothing has happened today, so we will wait till tomorrow. but don’t expect much.

      • This just in: General Motors has agreed to a cooperative agreement with Mahindra to allow for licensing of the last generation 9-5—-including the sport wagon that was never introduced. All will be announced tomorrow. Mahindra will buy Saab as Saab AB has agreed to allow use of the Saab name. GM will provide the licensing for the 9-5 technology and Mahindra has announced that they will offer more than silver and black. Okay, I know it’s April 14, and it’s a couple weeks late, but APRIL FOOLS!

        • Angelo,
          i have to reveal it to stop rumours. Mahindra will buy in NEVS to build an electric rickshaw, thus they don’t need the SAAB brand. 😎

  15. Well, it may have been a belated April Fool’s joke, but I agree that the new venture should include a resurrection of the most recent 9-5. It barely saw the light of day but is the most developed of the platforms available. I don’t know if GM has any strings attached that could prevent this, but it would sure be a nice product to offer in a resurrected Saab.

    • Yes, as far as I know GM has the property rights to most aspects of the last 9-5 and as of late 2011, they had no intention of granting those rights to a new owner—particularly with ties to China. The felt that would only enable competition to themselves in China.

  16. Right. The Epsilon II platform, which the 2nd gen 9-5 is based on, is wholly owned by G.M. I don’t see the business wisdom in GM agreeing to share that platform with another re-badger.

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