2007 Saab Aero Convertible on 2040-cars

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Saab signs deal to sell 20,000 electric cars in China

Another quarter, another gargantuan deal for National Electric Vehicle Sweden (Nevs), the Chinese-backed firm that bought the assets to Saab in 2012 and then spent two years getting out of financial trouble. The company just announced that it has agreed to a framework deal with China Volant Industry Co. (Volinco), a firm whose principal business is import and export of aerospace equipment and technologies. The tentative Volinco order is worth 8.5 billion Swedish crowns ($996 million US) for 20,000 electric cars that will be delivered between 2017 and 2020. A final purchase order is expected to be finalized later. In December, Nevs signed a deal worth $12 billion to provide 150,000 electric cars to Panda New Energy, a Chinese EV leasing company. That deal will also see Nevs provide 100,000 electric vehicle products and services to companies that Nevs works with. As with the Volinco deal, Nevs will build and paint components for its Saab 9-3 EV in Trollhattan, Sweden then ship the kits to China for final assembly. Given the number and size of its recent deals, it shouldn't be a surprise that Nevs is building a factory in Tianjin, China that will be ready in 2020. Volinco apparently plans to use the trove as company cars for employees. The final agreement will also include giving Nevs access to a range of the aerospace firm's suppliers to assist with its production plans. Nevs is also working with Dongfeng and Renesas Electronics to help develop its current and future cars. Featured Gallery 2014 Saab 9-3 News Source: Reuters Green Saab Green Automakers Electric Sedan NEVS national electric vehicle sweden

Spyker's $3B lawsuit against GM for blocking Saab sale thrown out

US District Judge Gershwin Drain has dismissed a $3-billion lawsuit Spyker filed against General Motors. In the suit, Spyker accused GM of attempting to bankrupt Saab after the US automaker had already sold the company to Spyker. GM in effect blocked the sale of Saab to China's Zhejiang Youngman Lotus Automobile Company by prohibiting the transfer of some of its intellectual property. But the court found that GM had a "contractual right" to approve or disapprove any change of ownership. Furthermore, Reuters reports Judge Drain said the contract between GM and Spyker "is clear, unambiguous and absolute" on the matter.
GM, meanwhile, says it is pleased with the ruling. Spyker CEO Victor Muller has not said whether or not his company will appeal the ruling. The Dutch automaker is expected to make a final decision once the court issues its written order on the case.
You can read the official Spyker press release about the court ruling below for more information.

GM recalling 8.4M cars, 8.2M related to ignition problems

General Motors today announced a truly massive recall covering some 8.4 million vehicles in North America. Most significantly, 8.2 million examples of the affected vehicles are being called back due to "unintended ignition key rotation," though GM spokesperson Alan Adler tells Autoblog that this issue is not like the infamous Chevy Cobalt ignition switch fiasco.
For the sake of perspective, translated to US population, this total recall figure would equal a car for each resident of New Hampshire, Rhode Island, Montana, Delaware, South Dakota, Alaska, North Dakota, the District of Columbia, Vermont and Wyoming. Combined. Here's how it all breaks down:
7,610,862 vehicles in North America being recalled for unintended ignition key rotation. 6,805,679 are in the United States.