1990 Saab 900 Convertible Turbo Automatic on 2040-cars

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3 former Saab execs charged with tax evasion

The Associated Press reports three former Saab executives have been arrested on charges of accounting fraud. Swedish prosecutor Olof Sahlgren has refused to identify the individuals, but says they're suspected of attempting to evade taxes by falsifying Saab accounts between 2010 and 2011 during the Spyker years. Other reports indicate the parties involved include former General Counsel to Saab Kristina Geers (seen to the left of former CEO Victor Muller, above), a 15-year-veteran of the company - her husband, Eric, was the company's communications director for 9 years as well.
Saab filed for bankruptcy in 2011, and was purchased shortly thereafter by National Electric Vehicle Sweden. If convicted, the trio could face up to four years in prison for their crimes under Swedish law.

Spyker to appeal dismissal of Saab lawsuit against GM

It seems as if Spyker CEO Victor Muller has made a decision on whether or not to pursue a legal battle between his company and General Motors. Spyker has announced it will appeal a US District Court decision to throw out the company's lawsuit against GM. As you may recall, on June 10 Judge Gershwin Drain ruled tht GM had a right to approve or disapprove Spyker's sale of Saab to Zhejiang Youngman Lotus Automobile. Spyker sued GM for some $3 billion, claiming that the American automaker had forced Saab into bankruptcy by stopping Spyker from transferring intellectual property to its Chinese partner.
Spyker has said only that it plans to appeal the decision. Until now, the company has been silent about the ruling. GM, meanwhile, has said it is pleased with the original outcome. You can read the quick Spyker press release below for more information.

Turkey buys rights to Saab 9-3 for domestic car

Just in time for Halloween, a Saab is rising from the dead. National Electric Vehicle Sweden, which controls the Swedish automaker, is selling the intellectual property rights for the second-generation 9-3 to the Scientific and Technological Research Council of Turkey (TUBITAK). This government-supported agency intends to turn the sedan into the "Turkish National Car," according to NEVS. Using the aging 9-3 as a backbone, Turkey intends to strengthen the nation's auto industry by producing an extended-range electric vehicle by 2020, Daily Sabah reports. The goal is for 85-90 percent of the components to come from the country. "From design to production, Turkey will be the center for all parts and processes regarding the first domestically produced car," Interim Science, Industry and Technology Minister Fikri Isik said to Daily Sabah. TUBITAK considered developing its own vehicle from scratch but calculated at least $1 billion in costs. Without going into specific detail, Isik said that buying the rights to the existing Saab turned out to be a better option. Despite having sold the 9-3 IP, NEVS is signing on to help with a business plan and to create the necessary supply and distribution chains for the EV. NEVS previously tried to revive the 9-3 itself by briefly continuing production and attempting to launch an electric version. Earlier this year, it partnered with Dongfeng to develop green vehicles. The company has been beset with financial problems, embroiled in a seemingly interminable post-bankruptcy reorganization progress. NEVS has been chosen by TUBITAK as its partner for developing a Turkish National Car TUBITAK, (the Scientific and Technological Research Council of Turkey) which has been assigned to develop "Turkish National Car" and realize this important mission, has chosen National Electric Vehicle Sweden AB, Nevs, as the industrial partner for the project. The cooperation has started in June 2015 between Nevs and TUBITAK and future industrial synergies in terms of development and manufacturing shall be generated with this cooperation. In the short term perspective this cooperation shall put Nevs' assets to work and shall give Turkey quick access to extensive automotive knowledge and experience. Nevs shall also provide its know-how in the developing of the business plan and establishing of the supply and distribution chains to TUBITAK.