NEVS denies bankruptcy, seeking partners for Saab production  [ Sweden ]

Saab's new owner, National Electric Vehicle Sweden (NEVS) denied that the company is insolvent after a supplier filed a bankruptcy petition. "The company does not have enough liquid cash as today to pay all outstanding debt but NEVS's assets are larger than its debt," NEVS said in a statement on August 13. And the company also said that it is in discussions with two major vehicle manufacturers ...
<Aug 15, 2014>