Subscribe free to our newsletters via your
. 24/7 Space News .




CAR TECH
Saab car maker NEVS reported in default
by Staff Writers
Stockholm (AFP) Aug 12, 2014


Chinese-owned automaker NEVS, the owner of the Swedish brand Saab, is in default, a Swedish court said Tuesday after receiving a notice from an unpaid supplier.

"We have received a a bankruptcy petition against NEVS (National Electric Vehicle Sweden)," Vaenersborg district court spokeswoman Mona-Lisa Johansson told AFP.

NEVS was created in June 2012 to buy Saab, which filed for bankruptcy in December 2011.

Johansson added that a hearing to discuss the company's future would be held on September 18.

NEVS is owned by China's National Modern Energy Holdings (78 percent) and the Chinese city of Qingdao (22 percent).

Production resumed in late 2013, with the aim to make electric cars for the Chinese market.

But financial trouble grew in the last months, raising concerns among union members in the historic industrial site of Trollhaettan, where the company has 250 employees.

NEVS was not available for a comment on Tuesday afternoon.

.


Related Links
Car Technology at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








CAR TECH
Audi says will 'accept penalty' in China anti-monopoly probe
Shanghai (AFP) Aug 11, 2014
German luxury car brand Audi will accept punishment from Chinese authorities for breaching anti-monopoly laws in the world's largest auto market, it said Monday. An investigation by Chinese authorities found that an Audi dealer network had "violated national anti-monopoly laws", the brand's China arm said in a statement, adding the Audi joint venture involved had "closely cooperated with the ... read more


CAR TECH
China to test recoverable moon orbiter

China to send orbiter to moon and back

August supermoon will be brightest this year

Manned Moon Mission to Cost Russia $2.8 Bln

CAR TECH
Opportunity Heads to 'Marathon Valley'

NASA Mars Curiosity Rover: Two Years and Counting on Red Planet

Robotic Rock Climbers Could Uncover Clues to Mars' Past

Russia To Construct Landing Pad For ExoMars Mission

CAR TECH
Introducing this year's underground astronauts

American Spaceports

NASA Selects Proposals for Advanced Energy Storage Systems

NEEMO 18 Aquanauts Complete Underwater Mission

CAR TECH
More Tasks for China's Moon Mission

China's Circumlunar Spacecraft Unmasked

China to launch HD observation satellite this year

Lunar rock collisions behind Yutu damage

CAR TECH
ESA's cargo vessel ready for space delivery

Robonaut Upgrades, Spacewalk Preps and Cargo Ops for ISS Crew

US EVAa Delayed; Crew Preps For Russian EVA, Robonaut Upgrades

Europe's Fifth and Final Resupply Ship Launches to Station

CAR TECH
ATK Passes Critical Design Review for NASA's Space Launch System Booster

Russia to Decide on Future of Sea Launch Project by End of 2014

SpaceX launches AsiaSat8 into orbit via Falcon 9 rocket

United Launch Alliance Launches Two Rockets in Just Four Days

CAR TECH
Rotation of Planets Influences Habitability

Planet-like object may have spent its youth as hot as a star

Young binary star system may form planets with weird and wild orbits

Hubble Finds Three Surprisingly Dry Exoplanets

CAR TECH
BAE Systems touts its Artisan radar system

Association of satellite operators joins program for space safety

USN Moderates CubeSat RF Communications Standards Meeting

IT outsourcing boom boosts struggling Bulgaria




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.