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National Electric Vehicle stops Saab 9-3 production amidst financing woes

It seems that quirky, Swedish automaker Saab might be on life support yet again. Its owner, National Electric Vehicle Sweden, has announced that it's reducing its workforce and temporarily halting production of the 9-3 due to financial problems. NEVS was only building six cars a day, anyway.
The company put out a press release admitting its economic woes, but it still appeared hopeful. NEVS claims it's developing "a new platform on the Phoenix architecture," and it has a frame agreement with an international automotive OEM. It didn't give any specific details about either one of these assertions though. According to The Wall Street Journal, NEVS needs the partnership to lower development costs in order to stay afloat. Saab spokesperson Mikael Ostlund told Autoblog in an email that the stop in production of the 9-3 in Trollhättan would last four weeks.
NEVS says it's in negotiation to sell a portion of the company to an automotive company. Its current monetary woes are caused by shareholder Qingbo Investment Company not financing the company as agreed. "We plan to have the results of the discussions at latest during June," said Ostlund.

Rally legend Erik Carlsson dies at 86

The motorsports world has lost a legend with the passing of famous rally driver Erik Carlsson at the age of 86. If you've ever seen a photo of a vintage Saab sliding around a corner or blasting through tree-lined roads, there was a good chance that Carlsson was behind the wheel. The man was so tied to the Swedish auto brand that he earned the nickname Mr. Saab. Carlsson experienced his greatest competition success in the late '50s and early '60s when he scored victories in premier events like the Monte Carlo Rally (pictured above). Among his more impressive performances were consecutive wins in '60, '61, and '62 Britain's RAC Rally. His three-cylinder, 750cc Saab 96 wasn't insanely powerful, but Carlsson made it a monster in the world of rallying. In 2010, Saab named a special edition 9-3 after him and honored his victory at the RAC Club in London. Beyond being impressive behind the wheel of a rally car and a longtime Saab brand ambassador, the driver had a habit of rolling his car during competition to earn the moniker "Carlsson On The Roof." According to Classic and Sports Car, he also wrote the book The Art and Technique of Driving that detailed his left-foot braking method, and it was co-authored with his wife, fellow racing driver Pat Moss. Our condolences go out to Carlsson's friends and family.

Court extends Saab reorganization bid until end of November

Saab parent company National Electric Vehicle Sweden refuses to go down without a fight. After a recent trip to court, the company is emerging with an extension on its reorganization until November 29. According to Europe Online Magazine, there's also an appointed committee of creditors and union representatives to monitor NEVS' restructuring process.
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.
If that plan fails, the second option is to take advantage of the factory and become a contract manufacturer.