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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.

Boeing, Saab introduce entry for T-X trainer program

This post is appearing on Autoblog Military, Autoblog's sub-site dedicated to the vehicles, aircraft, and ships of the world's armed forces. Boeing and Saab revealed their entry for the US military's T-X trainer replacement program. The new jet, simply called T-X, is like the lovechild of a F/A-18 Hornet and an F-16 Falcon, and as Boeing tells it, will provide "performance, affordability, and maintainability advantages" over the competition. "Our T-X is real, ready and the right choice for training pilots for generations to come," Leanne Caret, Boeing Defense, Space, and Security's President and CEO said in an official statement. And Caret isn't not kidding about the Boeing T-X being both real and ready – Boeing is so confident that it built two examples before the official unveiling on Tuesday. The first jet, which Defense News reports will fly by the end of the year, debuted to media with the kind of pomp usually reserved for automotive debuts. Boeing/Saab will use the second jet – also featured on Tuesday – for structural proof testing. The needs of a training aircraft are quite different than those of a traditional fighter. The T-X features stadium-style seating, so the instructor riding in back has nearly as good a view as the student in front. Student evaluations should be easy, too, as the open software transmits data effortlessly between ground training systems and the jet itself. Functionally, Boeing claims the twin-tail layout provides more agility than a single-tail design – remember, the military's newest jets, the F-22 Raptor and F-35 Lightning II both use twin-tail layouts – while the Air Force can mount two weapon hard points on the jet's wings. According to Defense News, four manufacturers – Boeing/Saab, Northrop Grumman, Lockheed Martin/KAI, and Raytheon/Leonardo/CAE – are vying for the contract to build 350 new trainers to replace the Air Force's fleet of aging T-38 Talons. Featured Gallery Boeing/Saab T-X Entry News Source: Boeing, Defense NewsImage Credit: Boeing Saab Military

Saab 9-3 production to start in China in 2013 [UPDATE]

We knew that National Electric Vehicle Sweden planned to restart production of the last-gen Saab 9-3 at some point in the future, we just didn't know exactly when, or exactly where. As it turns out, the answers to those questions are soon, and China.
Though NEVS had initially said it will build vehicles in Sweden before shipping them to China, the latest report from Autocar suggests that the cars will instead be built right in Quingdao starting later in 2013. That's right, this calendar year. Also on the docket is a followup electric version of the 9-3, which is slated to come to market in 2014 in an effort to satiate China's wish that there be half a million EVs silently filling its streets within the next two years.
NEVS wants to be part of the EV solution, but it's not going to be easy. Naturally, if these cars are to be built in China, a factory has to be located or built, tooling needs to be in place, workers need to be hired and trained and a lengthy trail of paperwork has to be signed off by the government before even the well-known gasoline-powered 9-3 can be a reality, let along the unknown quantity that is the 9-3 ePower.