Automotive industry company news
Driver assistance systems use a combination of warnings and some degree of active intervention to help steer the driver away from trouble. A...
Big News this week was the incredible confirmation - from NHTSA - of a 5.1m recall of Honda/Acura cars with airbags with Takata inflators. I...
| 2 Jun 2015
The doubters appear to have been proved wrong, if sales of the new XC90 in Sweden are any indication: Volvo's pricey SUV on its own took a full percentage point of the May new car market, even though brand sales were down by four percent.
| 29 May 2015
As those - all three of you - who honour me with your occasional presence on my self-curated 'just-auto' Facebook page may have guessed, when I'm not helping to cover the current cutting edge state of the autobiz, I like to wallow in a rose-tinted backview of the 1960s when British, Australian and Canadian cars dominated my import-restricted former colony, V8s were an attainable aspiration (one could put one in one's Cortina if one so wished), petrol was cheap (diesel for trucks only) and the Holy Grail for a Kiwi Kar Nut was the annual Earls Court show in London.
| 13 Feb 2015
Analysis-r-us so let's start there this week, shall we?
| 24 Oct 2014
It's as if the Cold War never went away.
| 27 Nov 2012
Vauxhall’s Ellesmere Port plant is currently on tickover and operating at around 65% capacity. But that is about to change, as Martyn Cray, the plant's director, tells Tony Lewis.
| 20 Mar 2012
Newly-appointed managing director of Scandinavian supplier body, FKG, Fredrik Sidahl, was 25 years with Volvo before working for Saab. In the first of two interviews, he talked to Simon Warburton in his Gothenburg office about the collapse of the iconic Swedish brand and gave some frank views on the government's attempts to save it.
| 15 Apr 2015
NEVS has issued a short media statement announcing that it has left court administration.
| 23 Mar 2015
Approval from the District Court of Vanersborg for National Electric Vehicle Sweden's (NEVS) composition proposal, will see 469 of its creditors out of 573 paid in full.
| 11 Mar 2015
Sweden's District Court of Vänersborg, has approved an extension of National Electric Vehicle Sweden's (NEVS) reorganisation for a further three months to 29 May.
| 27 Feb 2015
National Electric Vehicle Sweden (NEVS) says it considers it "very likely" it will secure approval for a compensation plan from 60% of creditors and exit the current reorganisation status.
| 26 Feb 2015
National Electric Vehicle Sweden (NEVS) says around 50 creditors have been called to what it refers to as an "information meeting" today (26 February) in its manufacturing facility at Trollhattan.
| 19 Feb 2015
National Electric Vehicle Sweden (NEVS) says it could settle debts with 469 of its 573 creditors in a 'composition' arrangement that could see the remainder paid half of what they are owed.
| 19 Feb 2015
National Electric Vehicle Sweden's (NEVS) new potential owner is embroiled in intense talks with Saab AB surrounding any use of the totemic brand name for future vehicles.
| 9 Feb 2015
In a move reminiscent of the post-bankruptcy wind down of MG Rover in 2005, Saab’s new owner said it would finish assembling 100 cars that have lain idle on the production line since May, according to media reports from Stockholm.
| 23 Dec 2014
Orio AB, formerly Saab Automobile Parts AB, said it had signed a contract with Nevs and has acquired all the tools located at suppliers and used for producing original [OEM] spare parts for all existing models.
| 11 Dec 2014
Scandinavian automotive supplier body, FKG, is welcoming the latest potential for National Electric Vehicle Sweden (NEVS) to secure further investment following the automaker's reorganisation extension announced today (11 December).
| 11 Dec 2014
National Electric Vehicle Sweden (NEVS) says it has until 2 March to "get things in order" as it secures a latest approval to extend reorganisation.
| 9 Dec 2014
A decision regarding National Electric Vehicle Sweden's (NEVS) application for a three-month extension to its reorganisation, could come as early as this week.
| 3 Dec 2014
Spyker, with its Spyker Automobilien subsidiary, says it has filed a voluntary petition for financial restructuring in an effort to address unnamed "certain short-term operational and liquidity challenges."
| 2 Dec 2014
National Electric Vehicle Sweden (NEVS) says it has applied for a three month extension to its reorganisation amid speculation Indian automaker Mahindra & Mahindra is waiting in the wings with a bid.
| 16 Oct 2014
Volvo says it is to start a third shift at its Torslanda plant in Western Sweden, creating around 1,300 new jobs.
| 10 Oct 2014
National Electric Vehicle Sweden (NEVS) says it has slashed its monthly operating budget from SEK200m (US$27.7m) to just SEK35m, as it continues its reorganisation period.
| 24 Sep 2014
Nevs, which has been attempting to revive Saab car models, said it would lay off up to 200 employees due to lack of work, because "the decision to re-start production will be further delayed".
| 29 Aug 2014
The District court of Vänersborg, Sweden, on Friday (29 August) approved the application for reorganisation from Saab owner National Electric Vehicle Sweden.
| 28 Aug 2014
NEVS, which has been attempting to revive Saab, has announced that, while it fully intends to pay creditors, it has nonetheless entered administration so as "to create more time for negotiations" [with potential investors].
| 20 Aug 2014
NEVS has presented a Saab 9-3 Electric Vehicle designed and produced as part of a prototype series in Trollhättan.
| 13 Aug 2014
NEVS, the owner of Saab Cars, says it is not insolvent but admits in a 13 August media statement that it "does not have enough cash to pay all outstanding debt".
| 12 Aug 2014
National Electric Vehicle Sweden says some of its 250 production employees are at home following further struggles with short-term financing.
| 7 Oct 2014
There's all manner of interesting stuff in this document, which has surfaced on the web. Such as some supposed future models for the brand. And the possibility that Saab will become a contract assembler.
| 10 Oct 2013
My hotel in Gothenburg's hosting an undertaker's company conference - not something I've ever encountered before - but it is and a cheerful bunch they are too.
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