Saab 9-5 on 2040-cars
Bedford, New York, United States
Engine:2.3L 2290CC 140Cu. In. l4 GAS DOHC Turbocharged
Fuel Type:Gasoline
For Sale By:Private Seller
Year: 1999
Exterior Color: Gray
Make: Saab
Model: 9-5
Safety Features: Anti-Lock Brakes, Driver Airbag, Passenger Airbag
Trim: Base Sedan 4-Door
Power Options: Air Conditioning, Power Locks, Power Windows
Drive Type: FWD
Mileage: 176,000
FOR SALE A GREY SAAB 95 SERIES YEAR 1999 WITH 176K MILES... INTERIOR WITH GOOD CONDITION LEATHER SEATS AND EXTERIOR ALSO IN PERFECT CONDITION NO RUST AND BUMPS AT ALL... ALLOWY RIMS WITH GOOD CONDITION SPORT TIRES... HAS AN ISSUE WITH THE STARTING IGNITION SYSTEM... THE CAR COMPUTER SYSTEM NEEDS TO BE REPLACED OR TO BE UPDATED CAUSE DOES NOT RECOGNIZE HIS OWN KEY TO START THE CAR.... Happy bidding |
Saab 9-5 for Sale
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Auto blog
NEVS' reorganization plan approved after all?
Fri, 29 Aug 2014What 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.
GM denies Spyker claims in $3B Saab lawsuit
Tue, 02 Oct 2012Reuters 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.
National Electric Vehicle stops Saab 9-3 production amidst financing woes
Tue, 20 May 2014It 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.
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