Many may not remember Saab, but it is one of the most mythical brands in the sector. He died more than a decade ago because General Motors "did not want to sell it" to any "potential rival." Or rather, since the Swedish brand did not have its own technology, it did not want to give them the use of its patents. The point is that Trollhättan's house has turned into a "pretty rotting corpse" that to our regret has not stopped tumbling around the globe.
His run-in with Spyker lasted "as long as ice on a whiskey" and from there the disaster only got worse. But with the Chinese of the National Electric Vehicle Sweden (NEVS) has not been better either since there it is dead and "smelling". In fact, in order for NEVS not to sink even more, the largest real estate agency in the world had to intervene or, in other words, Evergrande, although now they are worse off. Yes because have entered a state of hibernation.
Saab, embodied in the NEVS company, went into "hibernation mode" in February to save the brand...
And surely many of you will be wondering What is that for a hibernation mode? Well, Nina Selander, interim executive director of NEVS, explains it in an easy and simple way (for the whole family) in the press release published by the company…
“It is with great sadness that we inform you today that NEVS will now go into hibernation mode, which means that we will be forced to reduce all costs and we will suffer layoffs in all areas of the company. Our decision comes after our owners, Evergrande, and our potential investors were unable to finalize negotiations in accordance with our contract."
If we translate it into Roman paladino it can be understood in this way. Evergrande is "fighting" for his future and those responsible still do not know when they will pay his debts. so it is NEVS and consequently Saab, will stop all activity to save costs and thus not incur more losses. You can also look at it this way: they are closer to calling for bankruptcy, but the Chinese government will surely not let Evergrande down.
The reason to trust it: well that Evergrande is the largest real estate company in the world and not only that, in China. Therefore, they cannot afford a "brick crisis" of biblical proportions in a country like this. Therefore, NEVS is going to significantly reduce its staff in the coming weeks Going from having 340 employees today to staying with a total of 20 employees. Therefore, the production of the NEVS 9-3 will also end…
And not only that, all the projects they had on the table will remain on "stand by" until they "return". The point is knowing when...
Source – NEVS