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Nevs deal to buy Saab in danger

Swedish Radio News reports that the planned purchase of what is left of the Saab automobile company is in danger.

The electric car makers Nevs was in the process of buying the remaining assets of Saab for a reported US$ 270 million. But according to reports, so far it has paid less than one-tenth of that amount.

The newspaper Dagens Industri says Nevs has to come up with the remaining money soon, as the bankruptcy administrators have set Friday as a deadline.

Speaking with Swedish Radio News, a spokesperson for Nevs has denied the report, and says they have the money for the deal.

On Monday the former owners of Saab, the Dutch luxury car makers Spyker, said they had reached an agreement with a Chinese company to build a new car based on a platform that had been developed for Saab.


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