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Clean Carfax Autocheck 1-owner 35k Miles Xenons Leather Bose Onstar Alloys Wood on 2040-cars

US $13,980.00
Year:2010 Mileage:35717 Color: Color
Location:

Houston, Texas, United States

Houston, Texas, United States
Advertising:

2010 Saab 9-3 2.0T SportWagon 4-Door Wagon
Exterior Color:     Nocturne Blue Metallic Interior Color:     BIEGE Stock Number:610230
Mileage:35,717 Engine:I4 2L DOHC Fuel:Gasoline
Transmission:Automatic Warranty:As Is - No Warranty Title:Clear
VIN:YS3FA5CY5A1610230 CARFAX:CARFAX Buyback Guarantee AutoCheck:FREE AutoCheck Vehicle Report
2010 Saab 9-3 2.0T SportWagon - Photo 1 - Houston, TX 77031
2010 SAAB 9-3 2.0T SPORT WAGON
1 OWNER 35K ORIGINAL LOW MILES !
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Vehicle Description
Ultimate Motorsport Presents
 
2010 Saab 9-3 2.0T Combi Sport Wagon
 
 
LEATHER ! WOOD !  ALLOYS ! XENONS !
TURBOCHARGED ! SPOILER !
PREMIUM SOUND SYSTEM !
 
CARFAX & AUTOCHECK CERTIFIED NO ACCIDENTS CLICK CARFAX OR AUTOCHECK LOGO FOR FREE
REPORTS
 
1 OWNER 35K ORIGINAL LOW MILES
 
ADD A 3 MONTH 3,000 MILE WARRANTY
FOR ONLY $ 295
ASK US FOR DETAILS ON A 4 YEAR UNLIMITED MILES NATION WIDE WARRANTY !!
 
PEACE OF MIND ! BUY WITH CONFIDENCE !!
 
 
70+ PICTURES BELOW AFTER DESCRIPTION
 
THIS CAR IS LOADED WITH THESE OPTIONS:
TELESCOPING STEERING WHEEL WITH CONTROLS
CRUISE CONTROL
XENON HEADLIGHTS
DUAL ZONE AC AND HEAT
ALARM SYSTEM WITH KEYLESS ENTRY
FULL LEATHER AND WOOD TRIM INTERIOR
HOMELINK
BLUETOOTH EQUIPPED
REAR SPOILER
POWER LEATHER SEATS
PREMIUM SOUND SYSTEM WITH CD CHANGER AM FM
POWER WINDOWS AND MIRRORS
FOG LIGHTS
TRACTION CONTROL
PREMIUM ALLOY WHEELS
TINTED WINDOWS
CARGO COVER
2.0 LITER TURBO
REMOTE KEY
 
 
MUCH MUCH MORE SEE IT TO BELIEVE IT !!!
 
Beautiful NOCTURNE BLUE METALLIC on
BEIGE LEATHER WITH FULL WOOD TRIM Interior!!
 
Low Buy It NOW or Make us an Offer NOW!!

100% Positive Feedback
OWN THIS BEAUTY at a Fraction of the
Original $ 44,000 Price!!!
COMPARE AT
KELLY BLUE BOOK $ 15,669
nada retail $ 16,025

OUR BUY IT NOW $ 13,980
WOW ! WHAT A DEAL  !!!
 
WONT LAST LONG AT THIS PRICE !!! CALL US TODAY AT
281-506-8808

If You are Looking for a SAAB 9-3 TURBO WAGON with all the options with LOW MILES, You Don't Have to Look any Further!!!
DON'T SLEEP ON THIS ONE!

NOTE: JUST LIKE ANY USED VEHICLE FEW VERY MINOR NICK NACKS DUE TO NORMAL WEAR AND TEAR AND ROAD DEBRIS.
REMEMBER: YOU ARE BUYING A TOP LOADED USED VEHICLE IN CLEAN CONDITION NOT A BRAND NEW ONE!

Bid with Excitement & Confidence!!!
Only at ULTIMATE MOTORSPORT !!
Good Luck & Happy Bidding!!!
FOR ANY QUESTIONS FEEL FREE TO CALL US AT
281-506-8808

So, If you are in the market for a LATE MODEL, VERY AFFORDABLE SAAB 9-3 TURBO WAGON, then you owe it to yourself to take a closer look

LOW BUY-IT-NOW or MAKE AN OFFER!!!
 
WE FINANCE ! APPLY ONLINE FOR AUTO LOANS AS LOW AS 2.99%

FOR ANY QUESTIONS OR CONCERNS FEEL FREE TO CONTACT @ (281) 506-8808
or email sales
 
DOOR TO DOOR SHIPPING AVAILABLE ASK FOR A QUOTE !
We Export For Canadian Customers
Email:
sales@ultimatems.com
Call
281-506-8808
Visit
10311 Altonbury Lane
Houston TX 77031
 
 
 
Additional Photos
2010 Saab 9-3 2.0T SportWagon - Photo 2 - Houston, TX 77031

BEAUTIFUL NOCTURNE BLUE METALLIC

2010 Saab 9-3 2.0T SportWagon - Photo 3 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 4 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 5 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 6 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 7 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 8 - Houston, TX 77031
SOLAR TITNTED WINDOWS
2010 Saab 9-3 2.0T SportWagon - Photo 9 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 10 - Houston, TX 77031

XENON HEADLIGHTS

2010 Saab 9-3 2.0T SportWagon - Photo 11 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 12 - Houston, TX 77031
BEAUTIFUL CLEAN INTERIOR ! 
2010 Saab 9-3 2.0T SportWagon - Photo 13 - Houston, TX 77031
FULL LEATHER POWER SEATS ! 
2010 Saab 9-3 2.0T SportWagon - Photo 14 - Houston, TX 77031

STEERING WHEEL WITH CONTROLS

2010 Saab 9-3 2.0T SportWagon - Photo 15 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 16 - Houston, TX 77031

35K ORIGINAL LOW MILES

2010 Saab 9-3 2.0T SportWagon - Photo 17 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 18 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 19 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 20 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 21 - Houston, TX 77031

WOOD TRIM INTERIOR

2010 Saab 9-3 2.0T SportWagon - Photo 22 - Houston, TX 77031

PREMIUM SOUND SYSTEM

2010 Saab 9-3 2.0T SportWagon - Photo 23 - Houston, TX 77031
AUTO TRANSMISSION ! 
2010 Saab 9-3 2.0T SportWagon - Photo 24 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 25 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 26 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 27 - Houston, TX 77031

LEATHER POWER SEATS

2010 Saab 9-3 2.0T SportWagon - Photo 28 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 29 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 30 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 31 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 32 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 33 - Houston, TX 77031

PREMIUM LEATHER

2010 Saab 9-3 2.0T SportWagon - Photo 34 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 35 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 36 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 37 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 38 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 39 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 40 - Houston, TX 77031
REAR CARGO SPACE
2010 Saab 9-3 2.0T SportWagon - Photo 41 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 42 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 43 - Houston, TX 77031

2.0 LITER TURBO

2010 Saab 9-3 2.0T SportWagon - Photo 44 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 45 - Houston, TX 77031

16' ALLOY WHEELS

2010 Saab 9-3 2.0T SportWagon - Photo 46 - Houston, TX 77031
2010 Saab 9-3 2.0T SportWagon - Photo 47 - Houston, TX 77031

REMOTE KEY

2010 Saab 9-3 2.0T SportWagon - Photo 48 - Houston, TX 77031
Contact Information
Name: Sales Department Main Phone: (281) 506-8808 Alt. Phone: (281) 657-7293
Vehicle Features & Options
Standard Features
Appearance /
  Exterior:
  • Body-Color Bumper Color
  • Body-Color Door Handle Color
  • Black With Chrome Accents Grille Color
  • Front License Plate Bracket
  • Body-Color Mirror Color
  • Body-Color Rear Spoiler Color
  • Roofline Spoiler Rear Spoiler
Appearance /
  Interior:
  • 16.0 Steering Ratio
  • 2.97 Turns Lock-To-Lock
  • Wood-Tone Accents
Comfort:
  • Height Adjustable Adjustable Rear Headrests
  • Air Filtration
  • Cooled Storage Compartment Beverage Cooler
  • Cargo Area Light
  • Simulated Wood Center Console Trim
  • Simulated Wood Dash Trim
  • Simulated Wood Door Trim
  • Carpet Floors
  • Front and Rear Floor Mats
  • Dual Front Air Conditioning Zones
  • Automatic Climate Control Front Air Conditioning
  • Height Adjustable Front Headrests
  • 2 Number of Front Headrests
  • 3 Number of Rear Headrests
  • Front and Rear Reading Lights
  • Rear Air Conditioning
  • Single Rear Air Conditioning Zones
  • Leather and Wood Shift Knob Trim
  • Leather Steering Wheel Trim
Convenience:
  • Front and Rear Assist Handle
  • Front Console With Storage
  • Cruise Control
  • Front and Rear Cupholders
  • Light Glove Compartment
  • Includes Climate Control
  • Keyless Entry Multi-Function Remote
  • Two 12V Power Outlet(s)
  • Variable Power-Assisted Steering Power Steering
  • Retained Accessory Power
  • Steering Wheel Mounted Audio and Cruise Controls Controls
  • Tilt and Telescopic Steering Wheel
  • Accessory Hook
  • Cargo Tie-Down Anchors and Hooks
  • Door Pockets - Front and Rear
  • Front Seatback
  • Homelink - Garage Door Opener Universal Remote Transmitter
Drivetrain /
  Suspension:
  • 4-Wheel ABS
  • Braking Assist
  • Electronic Brakeforce Distribution
  • 11.14 Front Brake Diameter
  • Ventilated Disc Front Brakes
  • Gas Shock Absorbers Front Shock
  • Independent Front Suspension
  • Macpherson Struts Front Suspension
  • 10.87 Rear Brake Diameter
  • Disc Rear Brakes
  • Gas Shock Absorbers Rear Shock
  • Coil Springs Rear Spring
  • Independent Rear Suspension
  • Multi-Link Rear Suspension
  • Electronic Stability Control
  • Front and Rear Stabilizer Bar
  • Traction Control
Entertainment /
  Telematics:
  • Mast Antenna
  • Audio Security System
  • Jack Auxiliary Audio Input
  • Compass
  • External Temperature Display
  • MPG and Range Fuel Economy Display
  • Gray Metallic Gauges Color
  • Single Disc In-Dash CD
  • Multi-Function Display
  • Bluetooth Phone Wireless Data Link
  • Radio Data System
  • AM/FM Radio
  • Onstar Satellite Communications
  • Speed Sensitive Volume Control
  • 1 Subwoofer
  • Tachometer
  • 6 Total Number of Speakers
  • Trip Computer
  • Trip Odometer
  • Warnings and Reminders
  • Lamp Failure, Low Fuel, Engine Oil, Coolant Warnings and Reminders
  • 150 Watts
Exterior:
  • Courtesy Console Lights
  • Daytime Running Lights
  • Footwell Lights
  • Auto Delay Off Headlights
  • Dusk Sensing Headlights
  • Fixed Liftgate Window
  • Liftgate Rear Door
  • Rear Fog Lights
Rims / Tires:
  • Inside Mount Location
  • Alloy Rim
  • Temporary Tires
  • Steel Spare Wheel Rim
  • Tire Pressure Monitoring System
  • All Season Tires
  • 14 Wheel Spokes
Roof / Glass:
  • Rain Sensing Front Wipers
  • Variable Intermittent Front Wipers
  • 2 One-Touch Windows
  • Front Power Windows
  • Rear Defogger
  • Intermittent Rear Wiper
  • Side Window Defogger
  • Tinted
Safety:
  • Remote 2-Stage Unlocking
  • Dual Front Active Head Restraints
  • Alarm With Engine Immobilizer Anti-Theft System
  • Child Safety Locks
  • Latch System Child Seat Anchors
  • Heated Exterior Mirrors
  • Power Exterior Mirrors
  • Dual Front Airbags
  • Manual Day/Night Inside Rearview Mirror
  • Occupant Sensing Passenger Airbag Deactivation
  • Remote Power Door Locks
  • Front Side Airbags
  • Front and Rear Side Curtain Airbags
  • Dual Illuminating Vanity Mirrors
Seating:
  • Manual Adjustable Lumbar Support
  • Folding With Pass-Thru Center Armrest
  • Split Folding Folding
  • Bucket Front Seats
  • 3-Point Front Seatbelts
  • 8 Power Adjustments
  • Rear Heat Vents
  • Front Seatbelt Force Limiters
  • Front Seatbelt Pretensioners
  • 3-Point Second Row Seatbelts
  • 60-40 Split Bench Seating
  • Leather-Appointed Upholstery

Installed Options
Appearance /
  Exterior:
  • Nocturne Blue Metallic
    Entertainment /
      Telematics:
    • Bose Surround Sound System
    • Onstar
    Package:
    • Comfort Package
      View our eBay Feedback:

      eBay Motors
      ultimate_motorsport_inc
      Financing Information
      We Finance ! Rates a slow as 2.99% with Approved credit
      Fill out our credit app today by clicking the link above !
      Shipping Information
      WE SHIP AND EXPORT WORLDWIDE
      GREAT LOW NATIONWIDE US SHIPPING RATES !!
      Canadian Customers Welcome
      Email us your zip code for Special Shipping Rates !
      email sales@ultimatems.com
      If Outside US or Canada email us your Port City and Country
      for a quote !
      Dealership Information
      Ultimate Motorsports
      Main Phone:(281) 506-8808
      Alt. Phone:(281) 657-7293
      Email:sales@ultimatems.com
      Business Hours:
      Weekdays:9:00 AM to 7:00 PM
      Saturday:10 TO 5PM
      Sunday:CLOSED
      Location:
      10311 Altonbury Lane
      Houston, TX 77031
      Map of Ultimate Motorsports at 10311 Altonbury Lane, Houston, TX 77031
      Terms of Sale
      Standard Terms & conditions
       

      PLEASE READ CAREFULLY! BY SUBMITTING A BID, MAKING AN OFFER OR CLICKING THE BUY IT NOW YOU ARE AGREEING TO THE FOLLOWING TERMS AND CONDITIONS.

      Fee and Tax Information: All Texas residents will pay 6.25% state sales tax and $ 133 Title Fee. This only applies to Texas Residents ONLY! Out of State customer only pay :

      All sales are subject to Texas V.I.T. tax based at a rate of .002834% of purchase price and $395.00 Processing fee.

      PAYPAL IS FOR DEPOSITS ONLY. WE DO NOT ACCEPT FULL PAYMENTS THOUGH THE PAYPAL.

      FINANCING IS AVAILABLE WITH APPROVED CREDIT (WAC) ONLY ! ALL BUY IT NOW PRICES LISTED ARE FOR CASH BUYERS OR IF CUSTOMERS ARRANGE THEIR OWN FINANCING !!!

      IF YOU CHOOSE TO CLICK THE BUY IT NOW OPTION YOU ARE REQUIRED TO PICK UP THE VEHICLE LOCALLY AND ADDRESS ANY ISSUES BEFORE THE VEHICLE LEAVES THE LOT.

      Please contact SALES@ultimatems.com or 281-657-7293
      Winning bidder must contact us within 24 hours of auction end, and make arrangements for payment at that time. A $500.00 NON REFUNDABLE deposit is due within 24 hours of end of auction. The remainder is due within 7 days of Auction end. If no contact is made within 24 hours we reserve the right to re-list the vehicle, sell it to the next high bidder, or sell it otherwise.  Most banks and credit unions do not finance vehicles older than 2002 or with more than 100K miles. Make sure if financing, your financial institution accepts the year and miles of this vehicle before bidding. Please arrange financing prior to bidding.
      Buyer is responsible for pickup or shipping of this vehicle. If you wish to have it shipped using a service, we will gladly cooperate, you can locate shippers by doing a search for `auto shippers`.
      If you are not sure about something, Please ASK. Do not assume anything not listed is included. We reserve the right to cancel bids for excessive negative feedback. We reserve the right to end the listing if the vehicle is no longer available for sale.
      Please do not bid on this auction unless you are serious about owning this vehicle.  All non-paying high bidders will be reported to Ebay, and negative feedback posted.
      PLEASE ONLY BID WHAT YOU ARE WILLING TO PAY.  IF THE RESERVE IS NOT MET, WE MAY CONTACT THE HIGH BIDDER TO OFFER THE SECOND CHANCE OPTION.
      By placing a bid on this vehicle you are entering into a legal and binding contract to purchase the above-described vehicle. We reserve the right to cancel all existing bids and end the auction early should the item no longer be available for sale.
      By bidding and buying this auction, you enter a contract that you have read and understood all the terms and conditions of this auction. 
      We reserve the rights to sell the car outside the ebay auctions. We reserve the right to end the auction anytime. We reserve the right to cancel any bid from any bidder. 
      This vehicle is being sold as is, where it is with no warranty, expressed written or implied. In either case, The seller shall not be responsible for the correct description, authenticity, genuineness, or defects herein, and makes no warranty in connection therewith. No allowance or set aside will be made on account of any incorrectness, imperfection, defect or damage. Any descriptions or representations are for identification purposes only and are not to be construed as a warranty of any type. It is the responsibility of the buyer to have thoroughly inspected the vehicle, and to have satisfied himself or herself as to the condition and value and to bid based upon that judgment solely. The seller shall and will make reasonable effort to disclose any known defects associated with this vehicle at the buyer's request prior to the close of sale. Seller assumes no responsibility for any repairs regardless of any oral statements about the vehicle.
      Please understand that the vehicles are Pre-Owned vehicles and at times, the vehicles may come without accessories such as extra keys, cd magazines, navigation discs, floormats, tools, and owner's manuals. Please call for the exact accessories included for the vehicle. 
      Buyer's are responsible for shipping costs.
      All bidders should have all questions answered and loans pre-approved before bidding. Please note that Non paying buyers would be handled by our attorney. Remember buying a car on eBay is legal binding contract.

      All vehicles are sold "AS IS". This is in full accordance with the laws of the State of TEXAS regarding motor vehicle sales. You the buyer/bidder must have a complete understanding that this vehicle is used and we do not know the complete history of this vehicle. We are presenting this vehicle to the best of our knowledge. The accuracy of our description is based on any and all information that we were able to obtain concerning this vehicle either by records, previous owners statements, or other statements if any made by the persons who sold or traded in this vehicle. We ULTIMATE MOTORSPORT Inc or any of its employees or agents will not be held responsible. All buyers are responsible for having an independent inspection completed on their vehicle of inetrest prior to sale or close of auction. You are welcome to fly in or schedule a inspection with several companies in Houston area to have a car professionally inspected.

      WE ARE NOT RESPONSIBLE FOR ANY REPAIRS OR INSPECTIONS PRIOR OR AFTER THE SALE OF AN AUTOMOBILE. ALL VEHICLES SOLD AS IS WHERE IS !!

      WE WELCOME INSPECTIONS BUT PLEASE DO INSPECTIONS BEFORE THE SALE IS CONFIRMED ! 

      This Agreement will be governed the laws of the State of Texas (without regard to principals of conflict of laws). Any claims arising out of or related to this Agreement or the Goods shall be brought exclusively in Harris County, Texas. Bidder submits to the jurisdiction of all such courts. BIDDER AND SELLER HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION TO ENFORCE, DEFEND, CONSTRUE OR OTHERWISE CONCERNING THIS AGREEMENT OR THE GOODS. If it is necessary for bidder to commence litigation to enforce any portion of this Agreement, Seller will be entitled to recover from Bidder its reasonable attorneys’ fees and costs, including the reasonable fees of in-house counsel.

      Auction Views:  

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      Auto blog

      Saab plant reopens, production to resume by year's end?

      Mon, 19 Aug 2013

      Saab is gearing up to start production of the 9-3 again in September, two years after the last exampled rolled off the assembly line at the company's Trollhättan factory, Aftonbladet reports. Saab's new owner, National Electric Vehicle Sweden AB (NEVS), a Chinese-Japanese consortium created solely to buy Saab, says that the model's parts supply is the bottleneck in the production process, understandable since many of Saab's suppliers closed after it stopped production two years ago. The automaker also needs to establish a new dealership network. It is not entirely clear where Saab will market their new models, but North America is not expected to figure into their plans, at least initially.
      Almost 400 factory employees are reportedly back working at Trollhättan, and Saab is looking to recruit 180 workers to help with production, presuming the factory can overcome its supply issues and go back online in the fall.
      The new 9-3 is understood to be something short of an all-new car, a revision of the old 9-3 that started production in 2002. It will reportedly be offered initially as a four-door sedan and two-door convertible, and it will have a turbocharged engine, according to NEVS, which we expect will be a four cylinder. An electric 9-3 could come as early as next year. Turbocharged engines are part of Saab's DNA, NEVS Vice President Mattias Bergman has stated, and future Saab models will have them - despite the automaker's planned progression toward electric vehicles. The 9-3 will get small facelifts over time, says Mikael Östlund, a press officer at NEVS.

      Mahindra buying majority stake in NEVS, Saab saved again?

      Tue, Dec 2 2014

      National Electric Vehicle Sweden (NEVS), owner of Saab, might not be dead yet, because the company is reportedly close to having a new owner with deeper pockets in near future. The declaration comes from the business's latest request to prolong its reorganization and includes the claim that NEVS has a signed letter of intent from an unnamed Asian automaker to take majority ownership of the beleaguered brand. While NEVS doesn't specifically name this potential, future owner in its filing, Automotive News Europe cites a SaabsUnited story proclaiming that the suitor is none other than Indian automaker Mahindra and Mahindra, a development that would confirm months of rumors. The Swedish automaker is reportedly just waiting for the majority investment to be finalized before making an official announcement, and the whole purchase could be complete by February. NEVS also claims that it's still negotiating with a separate, unnamed Asian automaker on a joint venture to co-develop new vehicles. Assuming the deal goes through, the new owner could regain the rights to the Saab brand, too. According to ANE, negotiations are underway with the Saab AB aerospace business to be able to use the trademark again. NEVS lost that right when it filed for reorganization. Mahindra has shown interest in owning Saab for quite some time. It was reportedly among the final three bidders for the brand in 2012, and the Indian automaker was allegedly eyeing a stake in NEVS as far back as June. Scroll down to read the brief press release from NEVS about the extended reorganization, and the full document can be viewed in PDF format, here. Nevs applies for prolonged reorganization Monday, December 01, 2014 National Electric Vehicle Sweden, Nevs, has today submitted an application to the District Court in Vanersborg, requesting that the company reorganisation shall continue for an additional time period of three months. The administrator Lars Eric Gustafsson expresses the rationale for why Nevs should be granted an extended reorganization in this enclosed statement.

      New Saab parent NEVS: we're not totally broke

      Mon, Aug 18 2014

      The many fans of 1987's The Princess Bride will recall Billy Crystal's Miracle Max character optimistically referring to the protagonist Westley as "mostly dead." It looks like National Electric Vehicle Sweden (NEVS), the company that now owns the Saab brand, fits that description. Of course, Westley does end up surviving and getting the girl. NEVS put out a statement last week saying that, while it doesn't have the cash to pay off all of its outstanding debt (hey, who of us does?), it is "not insolvent" because its assets are greater than its debt. Its suppliers will get paid, but that NEVs "cannot say exactly when." NEVS, the partnership between a Chinese company and a Japanese investment firm that acquired the Saab name in 2012, restarted production at its Trollhattan plant in Sweden last year and had promised a vehicle line that would include a battery-electric version of the 9-3 sedan. Instead, NEVS stopped the production line that was only making about a half-dozen vehicles a day (the gas-powered, turbocharged 9-3) in May because it said shareholder Qingbo Investment Co. didn't provide the agreed-upon cash. NEVS now says it held positive talks with two manufacturers this summer, and that once funding is secured, it will rewrite its business plan with its new partners to resume production. The supplier that filed a bankruptcy petition is withdrawing it based on this new information, says NEVS. Saab made its first cars in 1947 and was eventually owned by General Motors before being sold to Spyker in 2010. Bankrupt by the end of 2011, Saab was acquired by NEVS the following year. Check out NEVS's most recent press release below. And have fun storming the castle. Information from Nevs Nevs hereby clarify that the company is not insolvent. The company does not have enough liquid cash as today to pay all outstanding debt but Nevs' assets are larger than its debt. Nevs today cannot say exactly when, but Nevs' suppliers will get paid. During the summer, the dialogues with the two major vehicle manufacturers have continued and developed in a positive direction. It is a thorough evaluation process that is still ongoing, and the discussions have not been finalized yet. After the funding is secured, and after that Nevs business plan is updated together with its new partners, Nevs will be able to make the decision on when the Trollhattan factory can resume its production.