Once a symbol of automotive innovation, the factory that brought iconic cars to life is now being dismantled. NEVS, the company that took over after Saab Automobile's bankruptcy, is itself on the brink of collapse.
This week, employees were told the hard truth: the remaining assets, including machinery and equipment, are being sold off.
The sale includes hydraulic presses that once shaped legendary models like the Saab 96, 99, and the final 9-5. These machines, central to a unique automotive legacy, are now destined for new owners.
Peter Bäckström, curator of the Saab Car Museum, reflected on the loss.
“These presses have shaped everything from the early Saabs to the last models. It’s a significant piece of history,” he said.
Global buyers interested
Surplex, a company that specializes in industrial auctions, is overseeing the liquidation.
Interest from global buyers has already surfaced, despite the equipment being specifically designed for car manufacturing. The machinery’s durability, however, makes it adaptable for other uses.
NEVS has been struggling for years. After its parent company, Chinese property giant Evergrande, declared bankruptcy, the financial strain became insurmountable.
Hopes for a revival took another blow when a Lebanese carmaker abandoned plans to develop the Emily GT, a prototype created by NEVS’ engineers.
Despite the setbacks, NEVS’ CEO Nina Selander remains determined.
“It’s not our job to throw in the towel,” she said. “We have a few months to explore solutions for our employees, even if that means outside collaboration.”
