Nevs want to avoid debt mountain – Swedish newspaper Svenska Dagbladet

Nevs want to avoid debt mountain – Swedish newspaper Svenska Dagbladet

A chord is a prerequisite for a subsequent affair with the two Asian automakers that Nevs currently negotiating with the new principal owner of the respective new technical partner.

– Absolutely, says Nevs CEO Mattias Bergman said.

Nevs want the big creditors, who have over half a million dollars, claiming write off half of their claims. Other creditors get all their money back. The latter group represents 80 percent of all claimants but account for only 20 percent of the total claims on Nevs.

Nevs has debts to unsecured creditors of nearly half a billion. There are about 100 of a total of 573 creditors that account for the vast majority of the debt. There are those who Nevs want to give up half of the money to be able to talk further with Indian Mahindra on a possible new ownership and with Chinese Dongfeng about to go into a joint technology development.

These two automotive groups have mentioned our interlocutors to Nevs, but Mattias Bergman refuse to reveal any names at this point.

– As long as we are under reconstruction will be difficult to implement any business, says Mattias Bergman said.

With a successful reorganization, which requires the chord, think Bergman that the way is open to a deal with Indian Mahindra and / or Dongfeng.

– Yes, that’s assessment, he said.

He marks it very clear that the discussion of new principal ownership requires that the parties agree on how the brand Saab and can be used in conjunction with the car. To Mahindra will enter required that the brand can be used, otherwise learns hardly be interested.

And in the end, the defense group Saab in charge.