1999 Saab 9-3 Convertible 2.0l 4 Cylinder Turbo Low Mileage 1 Owner Loaded on 2040-cars

Auto blog

Saab's latest Chinese owners facing their own credit woes

Poor 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little extreme to you over twenty-two grand, it would seem the parties agree, as the petition has reportedly since been withdrawn.

Boeing, Saab take first flight in T-X trainer 36 months after starting development

This post is appearing on Autoblog Military, Autoblog's sub-site dedicated to the vehicles, aircraft and ships of the world's armed forces. Bringing a new fighter from drawing board to its first flight is generally a lengthy endeavor, taking years of planning and tweaking and engineering. Or, at least it normally does. Boeing and Saab just took their new joint-developed training fighter, the T-X, out for its first spin just 36 months after starting development. According to Saab's deputy program manager for the T-X, Eddy De la Motte, that's half the time it usually takes to get a new jet in the sky. "We went from [critical design review] to first flight in 12 months. We don't do that very much at the Boeing Company," Boeing's program manager for the T-X, Ted Torgerson told Defense News. "I don't want to say it has not been done, but for a manned aircraft to go through a complete production-ready design, that is as fast and as efficient as we've ever been through it." Boeing/Saab's first test flight was a simple, 55-minute matter for Boeing test pilots Steven Schmidt and Dan Draeger. The pair took the plane up to 10,000 feet and hit speeds of 231 knots (265 miles per hour) while running handling checks on the twin-tail, single-engine jet. "I've been a part of this team since the beginning, and it was really exciting to be the first to train and fly," pilot Schmidt said. "The aircraft met all expectations. It's well designed and offers superior handling characteristics. The cockpit is intuitive, spacious and adjustable, so everything is within easy reach." "It was a smooth flight and a successful test mission," Draeger, who rode shotgun in the instructor's seat said in an official release. "I had a great all-around view throughout the flight from the instructor's seat, which is critical during training." Boeing/Saab's T-X is one of four jets competing for the role as the US military's next training aircraft. Northrop Grumman is fielding a clean-sheet design that allegedly flew earlier this year, while Lockheed Martin and Raytheon are modifying existing designs with partners – the South Korean KAI T-50 for Lockheed and the Leonardo M-346 for Raytheon. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: Defense NewsImage Credit: Boeing, Saab Saab Military

Son Surprises Mom With Dream Car

We can't get enough of these dream car-reveals. Here's the latest one: A son wanted to treat his mom to the car she's had her eye on for years, but it wasn't a restored Porsche or a fancy 1957 Chevy Bel Air. This mom wanted something special – a 1973 Saab 99 EMS painted disco-fever copper. Ever since he was a kid, Corey Wadden's mom has wanted the Saab. Wadden writes on his YouTube video that she first hopped in the driver's seat of one of these odd retro rides while working as a cleaning lady. One of her clients would toss her the keys and let her move the car. She fell in love. After a year of searching and saving, this nominee for best son in the world brought his mom down to the parking lot, where her dream ride awaited. First, he handed her an envelope with a picture of the car and the keys, a dead giveaway. She quickly put two and two together, and lost it before making it to the parking lot. She is so happy and full of gratitude that she actually drops to her knees when he opens the door. Wadden writes on his page that his mom lost her job two-and-a-half years ago and hasn't had a reliable car in years. This car aims not just to get her mobile again, but lift her spirits. It's also part of the Toronto entrepreneur's promise to become a millionaire by the time he is 25 to help his mother retire. Related Gallery The Best Cars For Empty Nesters Weird Car News Saab