Through a short-lived but certainly unsuccessful foray via Spyker, Saab, which had been sold by General Motors, came in 2012 to National Electric Vehicle Sweden (NEVS), a company that, despite being headquartered in Trollhättan, Sweden, is as Chinese as the Great Wall of China . NEVS initially wanted to market cars under the Saab brand name, but NEVS has been using the name Saab for something more since 2016. NEVS is selling an electric sedan based on the last 9-3 in dribs and drabs, but not enough to keep the accounting out of the red. The company now reports that it has gone into ‘hibernation’ to avoid a possible bankruptcy. On February 23, NEVS says it went into a kind of sleep mode in order to reduce costs as much as possible and to be able to pay off debts. This also means that NEVS is showing employees the door in all its departments. According to Nina Selander – temporary CEO of NEVS – the Chinese parent company Evergrande has failed to "[…] complete the negotiations in accordance with our contract." According to NEVS, as many as 320 of the approximately 340 employees at the company will be laid off.