1999 Sabb 93 Se Turbo on 2040-cars

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Saab tries [again] to emerge from bankruptcy

If we've learned one thing from watching The Walking Dead, it's that the only way to terminate a walker is with a swift and brutal blow to the brain. Sadly, no one has come along that's willing to do the gruesome deed to the stumbling shell that is Saab. The company's latest owner, National Electric Vehicle Sweden is trying, yet again, to crawl its way out of bankruptcy with a "composition proposal in order to exit the reorganization." That proposal, outlined in the attached press release, will see the majority of the company's many creditors receive full repayments. For 104 of the 573 creditors, all of whom have claims over 500,000 Swedish Krona (roughly $60,000), their claims will be reduced by 50 percent. If creditors approve the proposal, it'd provide "the conditions for completion of ongoing negotiations with two major OEMs," which the press release claims could come on as either a joint-venture partner in Trollhattan or a majority owner in the struggling company. We won't be holding our breath. Scroll down for the full press release from NEVS. Thursday, February 19, 2015 A composition to get Nevs out of reorganisation National Electric Vehicle Sweden AB, Nevs, provides unsecured creditors a composition proposal in order to exit the reorganisation. It creates the conditions for completion of ongoing negotiations with two major OEMs and the implementation of a new business plan together with partners and owners. Nevs' owners and management has noted the difficulty of completing this type of complex negotiations during a reorganisation and the risk premium it implies. The current negotiations, together with two major OEMs, are mainly focused on two tracks that are complementing each other. One is to form a technical joint venture company in Trollhattan and the other is to introduce a new majority owner in Nevs, with the plan of making Saab cars a global premium product. - The negotiations are progressing but we also see the complication of reaching an agreement when we are in a state of reorganisation. Our main owner has single-handedly financed the reorganisation and intends to get us out of it. In order for this to be possible financially, we need to reach a composition arrangement with the creditors, says Nevs CEO, Mattias Bergman. The composition proposal includes a composition of 50 percent for unsecured creditors on claims over 500'000 SEK.

NEVS Sango autonomous shuttle rises from the ashes of Saab

National Electric Vehicles Sweden (NEVS), the company that purchased Saab's bankrupt carcass in 2012, has introduced an autonomous ride-sharing shuttle named Sango and announced plans to test it in real-world conditions. It also outlined a system named PONS that will allow operators and riders to connect with the shuttle. Saab famously claimed its cars were born from jets, but the Sango looks more like something you'd find in a store that sells small kitchen appliances than on an aircraft carrier sailing across the Atlantic. It wasn't designed to go fast, or to deliver engaging handling. Stylists intentionally gave it a boxy silhouette to maximize interior space and let operators offer three cabin configurations called private, social, and family, respectively. Its six seats can be moved around and rotated as needed, and the passengers can raise privacy walls if they don't feel like socializing with fellow riders. The shuttle's seating capacity drops to four with the walls raised. Chinese technology firm AutoX provided the Sango's self-driving hardware and software, though NEVS pointed out its shuttle is modular enough to use any autonomous system on the market. This is a wise strategy that widens its target audience. Operators will in theory be able to choose whether they want to purchase a turn-key self-driving shuttle or buy the basic structure and stuff their own technology into it. NEVS grouped the app customers will use to request a ride and a fleet management system into a software package it named PONS. Technical specifications haven't been released. All we know is that it's electric. NEVS confidently stated autonomous shuttles are closer to the mainstream than many think. "Getting from A to B with self-driving electric vehicles is not as far off as perhaps the car industry is implying. The era of one person per car and the era of owning a car are soon things of the past," opined Anna Haupt, the company's vice president of mobility solutions, in a statement. Engineers have started testing the first running Sango prototype at NEVS' headquarters in Trollhattan, Sweden. Looking ahead, the company plans to deploy a fleet of 10 autonomous shuttles in Stockholm, where they will be used by members of the general public. Autoblog learned from a company representative that testing will probably start in 2022, and that the firm is taking COVID-19-related concerns into account.

Saab's never-was 9-3 gets a few better looks

The recent glimpses we've been getting of the never-was Saab 9-3 Phoenix must be like rubbing salt on the wounds of all the Saab fans out there. If that's the case, diehard Saab enthusiasts might want to look away from this. SaabWorld has uncovered a handful of shots of what was to be the next-generation 9-3 hatchback, and boy does it look sharp.
Revealing a clearer look at what we previously saw in grainy images or as a full-scale model, these new pictures show what Jason Castriota had in mind for the new car. The front end is obviously inspired by Saab's Phoenix Concept, while the rear of the car pays homage to the Saab 900 hatchback.
We like the overall look. Let us know what you think in the Comments.