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Saab owners NEVS denied creditor protection by Swedish court

The story of Saab is practically a Greek tragedy at this point. The quirky Swedish automaker that was once known as a pioneer of affordable turbocharging has been followed by years of news that just seemed to keep getting worse. At this point, maybe the brand name should be allowed to fade away into the ether and be remembered for the good times that it gave us.
Saab's latest predicament is that its parent National Electric Vehicle Sweden (or NEVS) has been denied protection from its creditors by the Swedish courts. According to Reuters, the judges called the business' financing plan "vague and completely undocumented." A company spokesperson told Reuters that it plans to appeal.
Seemingly in reaction to the court's decision, NEVS posted a press release on its website announcing that the company had applied "for a reorganization to create more time for the ongoing negotiations." The automaker continues to claim that it's negotiating with two global automakers to sell a portion of the company, possibly Mahindra, but the process is taking longer than it originally predicted. It seems a distinct possibility that this reorganization attempt is simply a way to buy extra time.

Junkyard Gem: 1971 Saab 96

Americans could buy the very first mass-produced Saab car, the 92, all the way back in 1950. Few did, because a tiny and odd-looking Swedish car with a smoky two-stroke engine buzzing out 25 horsepower didn't seem suitable for highway use, especially when a new Plymouth business coupe sold for $1,371 (about $15,180 today). Then came the 93, notable to Americans mostly for being sold by novelist Kurt Vonnegut's Saab dealership in Massachusetts. The first Saab to win over respectable numbers of American car shoppers was the 96, introduced here for the 1961 model year. North American 96 sales continued through 1973, and I've managed to find one of the later 96s in a junkyard located near Pikes Peak in Colorado. North American sales of the much less oddball 99 began in the 1969 model year, and that car evolved directly into the original 900 that sold very well through the early 1990s. Still, some Americans living in icy regions stayed loyal to the 96, so Saab kept selling 96s here until federal emissions and safety regulations made such sales unprofitable. Meanwhile, Scandinavians could buy new 96s all the way through 1980. My grandfather, a self-taught engineer who set foot outside the city limits of St. Paul, Minn., only to race Corvettes at Elkhart Lake (in summer) and all manner of rust-prone imports on frozen lakes (in winter), had this Saab 96 when I was a kid. The somewhat uneven bodywork near street level is the result of house-paint-over-Bondo corrosion repairs, and I recall going on some terrifying high-speed rides around town with Grandpa, circa 1975, watching the pavement flash by through the holes in the floor as we headed to the VFW for the meat raffle. Hey, the St. Paul VFW had Grain Belt on tap for cheap, a consolation for those who failed to win any meat. After that, a man could take his Saab to an establishment selling authentic St. Paul booya. As I recall, this Saab finally broke in half at an ice race in the late 1970s and got replaced by a slightly less rusty Rabbit. The serious Saab 96 nuts— including my grandfather— preferred the two-stroke three-cylinder engine, due to its chainsaw racket and allegedly superior performance on ice. By 1969, however, a Ford-produced V4 became the only powerplant available in a new 96 on our shores (the V4 had been an option for a couple of years prior to that). Someone grabbed the 65-horsepower V4 before I reached this car.

Chunk of ice smashes man's windshield

Driving a car piled with snow isn't just lazy, it's dangerous. A driver on Interstate 495 South in Massachusetts learned that the hard way last week after a huge chunk of ice flew off the top of an SUV and onto his windshield. Jeffrey Cote's dashboard camera was running as he drove his Saab 9-5 Aero Wagon down the freeway in Haverhill, MA, Wednesday morning. He was following an SUV in the left hand lane. The SUV doesn't appear to have too much accumulation on it, but the owners clearly didn't remove the snow and ice from the very top of the vehicle. A large chunk of ice flew off the top of the SUV, spun through the air and shattered Cotes windshield. Cote's must be one of the cooler heads on Massachusetts' roads. He didn't swerve, or swear or even gasp. Despite being unable to see the road and covered in glass Cotes safely moved over to the right lanes and safely pulled off on to the shoulder after the accident. The ice not only totally destroyed Cote's windshield but damaged a wiper arm and his side mirror as well. "If I had braked harder, I could have avoided impact," Cotes wrote in the video description. "But it initially appeared the piece was going to fall in front of me." Cotes couldn't read the driver's license plate on the footage and told CBS Boston that he doesn't think the other driver even realizes what occurred. He told the news station he hopes the video reminds people to do the right thing and clear the snow off their cars. "Just a few seconds, just try to slam as much ice as possible off your roof," Cotes told CBS Boston. "Because, it could have gone a lot worse, and it could save someone's life if you do a better job cleaning," Cote said. News Source: CBS Boston Saab Driving Safety Videos snow winter driving cold