2005 Saab 9-5 95 Aero Black On Black Sedan Rare No Reserve ! on 2040-cars

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GM denies Spyker claims in $3B Saab lawsuit

Reuters reports General Motors has dismissed claims by Spyker outlined in a $3 billion lawsuit. Spyker alleged GM deliberately bankrupted Saab by preventing a deal with Chinese investor Zhejiang Youngman Lotus. GM, meanwhile, filed a response with the U.S. District Court for the Eastern District of Michigan saying that as the former owner of Saab, GM had the legal right to approve the deal with Youngman. But Spyker's lawsuit claimed GM's refusal to approve the deal with Youngman stemmed from the fact that the American automaker didn't want to create a competitor in China.
GM has said the issue stemmed more from the fact that it would stop licensing its technology to Saab or stop building vehicles for the manufacturer in the event it was bought by Youngman. Since Saab built its own platform that didn't use any GM tech, Spyker says that argument is meritless.
The lawsuit has Spyker seeking $3 billion in compensatory damages, though that number could swell with interest, punitive damages and legal fees, as well. Victor Muller, Spyker chief executive, has said the lawsuit is being funded by an anonymous third party. That party will share in any settlement. Youngman has refused to comment on whether or not it's footing the legal bill.

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.

Rare 9-5 SportCombi, 9-4X models being sold off in Saab asset auction

Saab lovers take notice. Swedish auction house KVD has some ultra rare Saab products on the block, and we're not talking about a 1950s Saab 92. Up for auction are a bunch of low-mileage Saab models being sold off as part of the bankrupted automaker's assets. Included in the lot of cars are models like the 2012 9-5 SportCombi (above), the 2012 9-4X (shown below) and even a 9-5 sedan driven by Victor Muller himself.
Discovered by PistonHeads, this Saab auction has numerous 9-5 SportCombi and 9-4X models, which should prove to be very rare cars. Only a small number of 9-4Xs were ever sold, and Saab closed up shop before the 9-5 SportCombi could even go on sale here. In addition to the rarity, many of the cars have fewer than 10 miles on their odometers and seemingly low reserve prices; a 9-4X 3.0 XWD Premium with just six miles has a current bid of 180,000 Swedish Krona (just over $27,000 USD) that has already met the reserve price. Some of the cars still have the protective factory shipping tape covering up the interior and exterior.
Other than the rare SportCombis and 9-4Xs being auctioned off, there's also a sharp 2012 9-3 Cabriolet with 11 miles on the clock and a V8-powered 2006 Saab 9-7X with just 3,003 miles.