State and Nation Business

Saab owner faces bankruptcy petition

STOCKHOLM – The company that lifted Swedish automaker Saab out of bankruptcy is now facing financial difficulties of its own.

On Tuesday, a supplier petitioned a Swedish court to declare National Electric Vehicle of Sweden (Nevs) bankrupt.

Labo Test, which supplies test equipment for car parts, said Nevs had failed to pay bills of $22,000 since February.

Nevs spokesman Mikael Ostlund didn’t immediately answer a request for comment.

The company, owned by a Hong Kong-based group, bought Saab out of bankruptcy last year after a failed attempt to revive the brand by Spyker Cars of the Netherlands.

Though its plan was to make electric cars, Nevs started off with gasoline-fuelled models to get production going immediately.

Loading more

Digital Access

Digital Access
Access nwherald.com from all your digital devices and receive breaking news and updates from around the area.

Home Delivery

Home Delivery
Local news, prep sports, Chicago sports, local and regional entertainment, business, home and lifestyle, food, classified and more! News you use every day! Daily, weekend and Sunday packages.

Text Alerts

Text Alerts
Stay connected to us wherever you are! Get breaking news updates along with other area information sent to you as a text message to your wireless device.

Email Newsletters

Email Newsletters
We'll deliver news & updates to your inbox. Plan your weekend and catch up on the news with our newsletters.