STOCKHOLM Aug 29 China's National Electric
Vehicle Sweden (NEVS), which bought bankrupt car maker Saab in
2012, has made a new application for protection from creditors
while it concludes funding talks, a Swedish court said on
The same court on Thursday rejected a first application from
NEVS and said the solutions it had outlined to secure funding
looked "vague and completely undocumented."
The company has been in talks with two unnamed car firms to
secure additional money.
NEVS, which on Thursday said it would appeal the decision,
could not be immediately reached for comment on Friday.
The company, which has not made any cars since May due to
lack of money, has external debt of about 400 million Swedish
crowns ($57.5 million), it said in its first application, and
made a pretax loss of 601 million crowns on sales of 41 million
The court said it would make a decision on the new
application on Friday afternoon.
(1 US dollar = 6.9545 Swedish crown)
(Reporting by Sven Nordenstam and Johannes Hellstrom. Editing
by Jane Merriman)