Things are not working quite well for the National Electric Vehicle of Sweden (NEVS) a.k.a. the company that lifted Saab out of bankruptcy. It appears that the parent company is now facing the same problems as Saab as a Swedish court declared NEVS bankrupt.
The reason is that the company failed to pay Labo Test, which supplies test equipment for car parts. NEVS failed to pay 150,000 kronor or $22,000 since February.
Read more: Detroit News