Saab production halted when once again

The Saab saga has taken yet one more fascinating turn with parent business national electric car Sweden (NEVS) required to halt production as well as cut its workforce.
The “short term money problem” is obviously a result of Chinese shareholder Qingbo investment Co. not satisfying its “contractual responsibility to finance the operations.”
Although NEVS’ primary owner, national contemporary energy Holdings Ltd., means to pick up the monetary slack as the company’s sole backer, a lack of easily offered funds has triggered Saab 9-3 production to temporarily cease.
Advertisement – short article continues below

The statement comes just under six months because new designs began rolling off assembly lines at Saab’s Trollhattan plant in Sweden, as well as there’s currently no word on when work will resume. It’s likewise uncertain whether the brand’s existing output of six vehicles each day will be improved upon.
It’s not the very first time there have been doubts about the Swedish manufacturer’s future, having likewise halted production three years back in April 2011, before filing for bankruptcy in December of the exact same year.
In a quote to increase its stock in the wake of this newest setback, NEVS has revealed plans for an “extensive investment” in the Phoenix design “which will be the base for future vehicle models.”
The new platform’s advancement will obviously take location “in collaboration with other worldwide OEMs” – with one signed as much as co-develop the frame as well as one more in negotiations for part ownership.
NEVS is hopeful these new partnerships will offer the “financial as well as technical support” required to relaunch Saab as a premium brand around the world.