Great loss for Nevs: Jaws 1.2 billion – Expressen

Great loss for Nevs: Jaws 1.2 billion – Expressen

There was a loss of over a billion dollars for Nevs during 2014.

The loss before tax landed at almost 1.2 billion, reports P4 West.

It is the administrator Lars Eric Gustafsson who submitted a document to the court showing the casualty figures. The current principal owner is Chinese company National Modern Energy Holdings, which bought most of Saab’s bankruptcy estate for 1.7 billion in June 2012.

In December 2013 could be the first “virgin” Saab were roll out factory in Trollhättan. But according to P4 West should carmaker Nevs had major problems last spring when the Chinese partner, the city of Qingdao, not given the money to Nevs as promised. Cash Tappet from China helped to vehicle production levels were in Trollhättan and was stopped in May.

“After the stoppage, only some spare parts production before been and Nevs revenue has thus been extremely limited since May 2014, while activity continuously operating costs have been of considerable size “writes administrator according to P4 West.

The loss for 2014 was, according to the company expected.

– We have a budgeted deficit in the first years. But since we stopped production as deficit was larger than was thought, says Nevs Communications Mikael Östlund P4 West.

According to the radio station negotiates Nevs to try to get a new principal owner who must solve the economic problems.