2005 Saab 93 Turbo Convertible 5 Speed Manual With Warranty on 2040-cars
Little Rock, Arkansas, United States
Body Type:Convertible
Vehicle Title:Clear
Engine:2.0
Fuel Type:Gasoline
For Sale By:Private Seller
Make: Saab
Model: 9-3
Warranty: 6 Month Extended Warranty Remaining
Trim: Turbo Linear Convertible
Options: Leather Seats, CD Player, Convertible
Drive Type: 5 Speed Manual
Safety Features: Anti-Lock Brakes, Driver Airbag, Passenger Airbag, Side Airbags
Mileage: 79,800
Power Options: Air Conditioning, Cruise Control, Power Locks, Power Windows
Exterior Color: Pewter
Interior Color: Charcoal Gray
Number of Cylinders: 4
Number of Doors: 2
Saab 9-3 for Sale
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Auto Services in Arkansas
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Auto blog
Saab US bankruptcy plan gets legal green-light
Thu, 18 Jul 2013It feels utterly bizarre that we're still talking about Saab, but Reuters is reporting that the bankrupt Swedish manufacturer's American arm has gotten approval from the US Bankruptcy Court to liquidate its assets and pay back creditors. As part of the plan, secured creditors like Ally Financial will receive full repayment. Unsecured creditors, consisting of those affected by abandoned leases and contracts will get anywhere from 25 to 82 percent of their money back.
There are currently $77 million in unsecured claims, according to Reuters, but that number doesn't include claims from former Saab dealers. Naturally, the entire affair is full of lawyers and legalese. A trust formed on the Saab side will be negotiating with creditors and their affiliates in an attempt to reduce claims against Saab. This sounds like the start of a long and sordid affair...
Spyker and Youngman sign deal, plan to build D8 SUV and Phoenix-based range
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Youngman is reportedly investing €10,000,000 ($12.5M USD) for a 29.9-percent stake in the company. The shares are being sold for €0.05 (6.3 cents) each, representing a fully diluted share. Youngman has said it will not take on more than the 29.9-percent stake.
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Court extends Saab reorganization bid until end of November
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NEVS still isn't giving up hope of saving itself, and the company claims there are has two potential strategies for getting back on its feet. The main plan is to "finalize the negotiations with the two Asian automotive manufacturers," according to a press release. Those firms still aren't identified, but Mahindra may be involved. According to Europe Online Magazine, one of the businesses is looking to take partial ownership of NEVS, and the other is considering some sort of cooperation with it.
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