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Saab's new owner NEVS in deep trouble again

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National Electric Vehicle Sweden (NEVS), the Hong Kong-based group that purchased Saab in June 2012, has yet to pay one of its suppliers and what comes next may very well be the final nail in the coffin.

LaboTest AB, which supplies the automaker with test equipment for car components, submitted a petition to the Swedish District Court on Tuesday to declare NEVS bankrupt, meaning the 250 workers at the Trollhätan plant once again have their hopes crushed.

NEVS is owned by the city of Qingdao and China's National Modern Energy Holding.

The bankruptcy proceedings will be held on September 18th.

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