2002 Saab 9-3 Se Turbo Only 113000 Miles on 2040-cars

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NEVS announces 200 layoffs as it says Saab restart will 'take time'

For a fleeting moment a few weeks ago, the news from Saab-owner National Electric Vehicle Sweden appeared almost positive. The company had its reorganization plan approved (a day after it was denied), and the automaker was actually showing a real, running vehicle, albeit one with a top speed of 75 miles per hour. But those tiny crumbs of potential goodness have been swept away because NEVS has announced layoffs of as many as 200 factory employees in September "due to lack of work."
Workers probably shouldn't get too eager to return to the factory either, because company's "decision to re-start production will be further delayed" by an unspecified amount of time, NEVS says in a press release. To begin assembling cars again, the company needs to find long-term funding and a new majority owner. Those seem like two very steep hurdles for the embattled automaker to clear.
Despite not producing cars since May, NEVS still claims it's negotiating with a new owner, possibly Mahindra, but according to Reuters, the Swedish company owes about 400 million kronor ($56 million) to creditors. According to its layoff announcement, getting rid of these workers is one step in the business' reorganization plan to be presented on October 8. Scroll down to read its full release.

GM recalls 500K Chevy Camaros for ignition-switch defect

General Motors issued a recall for more than a half million Chevrolet Camaros on Friday morning because of an ignition-switch safety hazard that mirrors the one at the center of the company's current crisis.
The problem affects Camaro models from the 2010 to 2014 model years. Approximately 464,712 cars are impacted in the United States, and 511,528 overall in North America. GM will alter the Camaro key to a more standard design, and will notify car owners with a recall notice in the mail.
In an announcement, the company said the ignition switches on the Camaros are fundamentally different parts than the older ignition switches found on defective cars that are responsible for killing at least 13 people and causing 54 crashes.

Son surprises mom with her dream car, a 1973 Saab 99

Often, it feels like the news is just a never-ending stream of one depressing headline after another. It can be so liberating to see something positive and uplifting every once in a while. Just look at the ecstatic expression on this mother's face after receiving her dream car from her son. Mom has some seriously quirky taste too: she isn't after a muscle car or a two-seat droptop; instead, it's a 1973 Saab 99 EMS in a very '70s shade of copper at the top of her wish list. According to the video, it took her son about a year to track down this hunk of Swedish steel and save up the money to purchase it. Though, judging from his mom's reaction, it was worth every penny. She puts together what's going on with the Saab pretty quickly and immediately starts swearing at her son – out of love, of course. If you're feeling a little blue, consider this a much-needed pick-me-up. Watching the unbridled joy of someone getting something that they always wanted just feels wonderful.