2003 Saab 9-5 Wagon 2.3 Turbo Like New No Reserve, Warranty on 2040-cars

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Mahindra buying majority stake in NEVS, Saab saved again?

National Electric Vehicle Sweden (NEVS), owner of Saab, might not be dead yet, because the company is reportedly close to having a new owner with deeper pockets in near future. The declaration comes from the business's latest request to prolong its reorganization and includes the claim that NEVS has a signed letter of intent from an unnamed Asian automaker to take majority ownership of the beleaguered brand. While NEVS doesn't specifically name this potential, future owner in its filing, Automotive News Europe cites a SaabsUnited story proclaiming that the suitor is none other than Indian automaker Mahindra and Mahindra, a development that would confirm months of rumors. The Swedish automaker is reportedly just waiting for the majority investment to be finalized before making an official announcement, and the whole purchase could be complete by February. NEVS also claims that it's still negotiating with a separate, unnamed Asian automaker on a joint venture to co-develop new vehicles. Assuming the deal goes through, the new owner could regain the rights to the Saab brand, too. According to ANE, negotiations are underway with the Saab AB aerospace business to be able to use the trademark again. NEVS lost that right when it filed for reorganization. Mahindra has shown interest in owning Saab for quite some time. It was reportedly among the final three bidders for the brand in 2012, and the Indian automaker was allegedly eyeing a stake in NEVS as far back as June. Scroll down to read the brief press release from NEVS about the extended reorganization, and the full document can be viewed in PDF format, here. Nevs applies for prolonged reorganization Monday, December 01, 2014 National Electric Vehicle Sweden, Nevs, has today submitted an application to the District Court in Vanersborg, requesting that the company reorganisation shall continue for an additional time period of three months. The administrator Lars Eric Gustafsson expresses the rationale for why Nevs should be granted an extended reorganization in this enclosed statement.

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.

Turkey buys rights to Saab 9-3 for domestic car

Just in time for Halloween, a Saab is rising from the dead. National Electric Vehicle Sweden, which controls the Swedish automaker, is selling the intellectual property rights for the second-generation 9-3 to the Scientific and Technological Research Council of Turkey (TUBITAK). This government-supported agency intends to turn the sedan into the "Turkish National Car," according to NEVS. Using the aging 9-3 as a backbone, Turkey intends to strengthen the nation's auto industry by producing an extended-range electric vehicle by 2020, Daily Sabah reports. The goal is for 85-90 percent of the components to come from the country. "From design to production, Turkey will be the center for all parts and processes regarding the first domestically produced car," Interim Science, Industry and Technology Minister Fikri Isik said to Daily Sabah. TUBITAK considered developing its own vehicle from scratch but calculated at least $1 billion in costs. Without going into specific detail, Isik said that buying the rights to the existing Saab turned out to be a better option. Despite having sold the 9-3 IP, NEVS is signing on to help with a business plan and to create the necessary supply and distribution chains for the EV. NEVS previously tried to revive the 9-3 itself by briefly continuing production and attempting to launch an electric version. Earlier this year, it partnered with Dongfeng to develop green vehicles. The company has been beset with financial problems, embroiled in a seemingly interminable post-bankruptcy reorganization progress. NEVS has been chosen by TUBITAK as its partner for developing a Turkish National Car TUBITAK, (the Scientific and Technological Research Council of Turkey) which has been assigned to develop "Turkish National Car" and realize this important mission, has chosen National Electric Vehicle Sweden AB, Nevs, as the industrial partner for the project. The cooperation has started in June 2015 between Nevs and TUBITAK and future industrial synergies in terms of development and manufacturing shall be generated with this cooperation. In the short term perspective this cooperation shall put Nevs' assets to work and shall give Turkey quick access to extensive automotive knowledge and experience. Nevs shall also provide its know-how in the developing of the business plan and establishing of the supply and distribution chains to TUBITAK.