The Purchasers of Saab automobile must pay for the product before Friday or the deal is off
Tuesday, 28 August 2012
The company that bought the Saab Automobile's bankruptcy estate,
electric car consortium, Nevs, must pay the money for the purchase this
coming Friday - otherwise the deal is blown off.
Media reports in Sweden say that Nevs payment for Saab has been
delayed and it is being blamed on problems with funding, and according
to several sources the bankruptcy administrators are getting out of
The administrators Hans Bergqvist and Ann-Marie Pouteaux are according
to sources, had a meeting with Nevs chairman, Karl Erling Trogen
on Thursday. It is though that he had explained that the money to be
paid for completion of the Saabe deal was not there ...yet. The news is
said to have upset the administrators, who then gave Nevs a new
dateline to pay.
According to the bankruptcy managers' information, it had been
previously expected that there was money on the table that apply, and
that no credit transactions were accepted.
So far Nevs had just paid a deposit of Skr150 million of purchase price
which is the full price is reported to be Skr1.8 billion.
The cause of the financial mess is said to be that the Swedish-Chinese
businessman Kai Johan Jiang, behind Nevs, had problems with prospective
financiers in China since the Saab brand is no longer included in the
deal. Kai Johan Jiang has previously stated, according to media reports
that the trademark was not a crucial issue in the deal.
By Scancomark.se Team