Gorgeous 2005 Saab 93 Sedan, One Owner, Serviced, Moonroof, Leather, Htd Seats on 2040-cars
New Hope, Pennsylvania, United States
Body Type:Sedan
Engine:2.0L 1985CC l4 GAS DOHC Turbocharged
Vehicle Title:Clear
Number of Cylinders: 4
Make: Saab
Model: 9-3
Sub Model: Linear
Trim: Linear Sedan 4-Door
Drive Type: FWD
Options: Sunroof, Leather Seats, CD Player
Mileage: 100,291
Safety Features: Anti-Lock Brakes, Driver Airbag, Passenger Airbag
Exterior Color: Green
Power Options: Air Conditioning, Cruise Control, Power Locks, Power Windows, Power Seats
Interior Color: Light Beige
This is a beautiful 2005 Saab Linear 9-3 sedan, 1 owner, clean car-fax, runs and looks great....has tilt wheel, cruise control, leather interior, dual heated power seats, windows, locks and mirrors, power moonroof, auto trans, rear defrost, factory alloy wheels, hands free speaker phone, air conditioning/heat and an AM/FM stereo with CD. Currently Inspected in NJ, until 8/14. very nice clean original condition inside and out. Call with any questions at 215-862-9555 price excludes tax, tags and doc fee of $149.50 Located in New Hope, Pa 18938
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Spyker files $3 billion lawsuit against General Motors over Saab's demise
Mon, 06 Aug 2012"Smack." That's the sound of Spyker's process server dropping a big ol' pile of legal documents on the doorstep of The Renaissance Center, home of General Motors - or wherever GM's attorneys live during business hours. Contained therein is a Complaint, filed in the U.S. District Court for the Eastern District of Michigan and demanding a jury trial, that seeks $3 billion in damages due to "the unlawful actions GM took to avoid competition with Saab Automobile in the Chinese market." Spyker accuses GM of "tortiously interfering" with Saab's business relationship with Chinese automaker Zhejiang Youngman Lotus Automobile (Youngman), actions that Spyker CEO Victor Muller (above) said "deliberately drove Saab Automobile into bankruptcy."
(From Wikipedia: "Tortious interference, also known as intentional interference with contractual relations, in the common law of torts, occurs when a person intentionally damages the plaintiff's contractual or other business relationships.")
The interference in question specifically refers to the very last potential deal, called the Framework Agreement, that Spyker worked out with Youngman. With lots of GM engineering embedded into the 9-4X and 9-5, The General had the right to approve any Saab partnership that would involve the transfer of GM intellectual property. Spyker had been rebuffed over every previous deal with a Chinese firm, including two bids by Youngman, due to GM concerns over its IP getting into Chinese hands and having to face Chinese-market competitors using its technology. The Complaint alleges that the Framework Agreement would have put a firewall around all GM IP - Youngman would only work on Saab's Phoenix platform, said to be just about free of GM tech, and would have no access to 9-3, 9-4X or 9-5 technology until after Saab ceased all ties to GM.
Saab's latest Chinese owners facing their own credit woes
Sat, 16 Aug 2014Poor Saab, it can't seem to get a break. General Motors couldn't seem to make a go of it, neither could Spyker, and now it seems that its latest owner is encountering some problems of its own.
That owner, of course, is National Electric Vehicle Sweden, a Swedish holding company owned by Chinese investors. NEVS recently restarted production at the Saab plant in Trollhättan, Sweden, and had some ambitious plans for the brand's revival, but it appears to have run out of cash.
This according to a report in The Wall Street Journal, which discovered that NEVS is having trouble paying its suppliers. One such supplier, called Labo Test, has reportedly been owed some $22,000 by NEVS since February, and without payment, petitioned the Swedish government to place NEVS into bankruptcy proceedings. If that seems a little extreme to you over twenty-two grand, it would seem the parties agree, as the petition has reportedly since been withdrawn.
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.