Saab – Restart will ‘take time’

For a fleeting moment a few weeks ago, the news from Saab-owner National Electric Vehicle Swedenappeared almost positive. The company had its reorganization plan approved (a day after it was denied), and the automaker was actually showing a real, running vehicle, albeit one with a top speed of 75 miles per hour. But those tiny crumbs of potential goodness have been swept away because NEVS has announced layoffs of as many as 200 factory employees in September “due to lack of work.”

Workers probably shouldn’t get too eager to return to the factory either, because company’s “decision to re-start production will be further delayed” by an unspecified amount of time, NEVS says in a press release. To begin assembling cars again, the company needs to find long-term funding and a new majority owner. Those seem like two very steep hurdles for the embattled automaker to clear.

Chosen excerpts by Job Market Monitor. Read the whole story at  NEVS announces 200 layoffs as it says Saab restart will ‘take time’ – Autoblog.