Saab 9-5 2.3l Turbo Florida Excellent Condition Low Miles Carfax Certified 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

Junkyard Gem: 1987 Saab 900 4-Door Sedan

Saab sold the original 900 in the United States from the 1979 through 1993 model years (followed by another few years of Opel Vectra-based 900s), and most of the 900s you'll find today are the higher-end models with 16-valve engines and/or turbochargers. Last year in this series, we saw a 900 Turbo and a 900 Turbo Convertible in Colorado car graveyards, and now it's time to take a look at a used-up Colorado 900 with the base 8-valve engine and few extras. The cheapest new 1987 Saab available here was the base three-door hatchback with 5-speed manual transmission, which had an MSRP of $14,395 (about $39,497 in 2023 dollars). If you wanted a new 900 with four doors that year, the price of admission started at $14,805 ($40,622 after inflation). That's the car we've got here. The engine is a 2.0-liter SOHC slant-four, the direct descendant of the engine originally developed in partnership with Triumph for use in the Saab 99 and Triumph Dolomite. The Triumph TR7 used members of this engine family as well. This engine was rated at 110 horsepower and 118 pound-feet. The naturally-aspirated 16-valve version in the '87 900S made 125 horses, while the 900 Turbo had 160 horsepower. The automatic transmission cost an extra $430 (about $1,180 now); most 900 buyers chose the five-on-the-floor manual. In fact, I have never documented a junked 1979-1993 Saab 900 with an automatic. This one came close to the 175,000-mile mark during its life. The paint is somewhat faded, but the interior looks good for a car this age. Its owner or owners took good care of it. The body has a few dents but no rust worth mentioning. If it had been a 900S or a 900 Turbo, it would have had a better chance of avoiding this fate. Saab's innovative technology for 1987 starts at around $15,000 and goes up to the $20,000,000 Viggen (the fighter plane, not the later hot-rod 9-3 that borrowed the Viggen name).

NEVS' reorganization plan approved after all?

What a difference a day makes. Thursday, we reported that current Saab parent National Electric Vehicle Sweden had its application for creditor protection denied by the Swedish court for being "vague and completely undocumented." But NEVS was back in court on Friday, and this time the application was granted. However, the story continued to get weirder as defense contractor Saab AB allegedly revoked NEVS' rights to use the Saab name.
NEVS did put out a brief press release confirming the court decision saying: "The District court of Vänersborg, Sweden, today August 29 approved the application for reorganization from National Electric Vehicle Sweden AB." The company allegedly has over 90 creditors, and according to Reuters, it owes them roughly 400 million Swedish krona ($57.56 million). The business says that it is in negotiations with two, unnamed companies to get additional funding.
Also, according to Reuters, Saab AB, best known for making fighter planes, has revoked NEVS' rights to the Saab brand name because the company's application for creditor protection gave the defense contractor that right. When NEVS bought Saab, it only acquired the automaker's physical assets, and had to negotiate for the rights to use the name.