Monday, March 23, 2015

Nevs: We are close to a billion agreement – Swedish Radio

Automaker Nevs in Trollhättan must write down their debts, the district court decided today. Meanwhile, says the CEO of the ailing company to a billion contract with an Asian vehicle manufacturers are close.

– That we do development projects starting with a feasibility study and then will be the development of entire cars, says Mattias Bergman, who is Nevs president.

How much money can you get?

– It is about many billion, both in terms of actual development projects, but also with bank financing.

If Nevs can get in the harbor agreement with the vehicle manufacturer so the company can also get a loan from a state bank in China. Is this the locks would save the ailing automaker, which has had major financial problems since May last year.

According to CEO Mattias Bergman, so it is hoped that the agreement will be completed in April. Meanwhile, the negotiations that have taken several months longer than Nevs first thought.

Despite this, Bergman high hopes that this will resolve itself.

– We have brought the This dialog for a year, so much is done. So there are very good chances that we will land there, he said.

Today, decided Vänersborgs District Court to Nevs must write down their debts and thus the company will save around SEK 300 million of the total accounts payable on 700 million.

Almost all subcontractors agreed to write down their debts.

– The chord was offered and that you voted for are very generous chords and show a benevolence and a ambiöst plan ahead for Nevs, says Fredrik Sidahl who is president of subcontracting organization FKG.

Nevs now planning to go out reconstruction in the middle of April. It will also be easier for Nevs get in port negotiations now under way to also get a new principal owner.

– To get out of the reconstruction is a prerequisite to complete the deal we have negotiated for so long time.

Victor Jensen
victor.jensen@sverigesradio.se
0522-67 00 64

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