2006 Saab on 2040-cars

Auto blog

Mahindra eying stake in Saab owner NEVS?

It's ironic that Saab's current vehicle architecture is called the Phoenix platform, because like the mythological bird, the company keeps returning from the ashes. That's right, the embattled Swedish automaker isn't completely dead yet. Again. Actually, it may be facing yet another buyout, and this time, the buyer may be from India.
Less than a month ago, the situation looked ominous for Saab. National Electric Vehicle Sweden, the carmaker's current owner, temporarily shut down 9-3 production at its Trollhättan factory not long after restarting it in the first place. According to Just Auto, it laid off about 100 consultants allegedly linked to problems making June payroll, as well. At the time, Saab claimed that the measures were temporary, and it was negotiating selling part ownership to another automaker.
Those assertions might have some truth behind them, it seems. Indian newspaper The Economic Times reports that Mahindra & Mahindra and an unnamed Asian automaker are negotiating with NEVS to purchase part of the company. It claims that the Indian automaker sees Saab as an opportunity to add a premium brand to its business.

National Electric Vehicle stops Saab 9-3 production amidst financing woes

It seems that quirky, Swedish automaker Saab might be on life support yet again. Its owner, National Electric Vehicle Sweden, has announced that it's reducing its workforce and temporarily halting production of the 9-3 due to financial problems. NEVS was only building six cars a day, anyway.
The company put out a press release admitting its economic woes, but it still appeared hopeful. NEVS claims it's developing "a new platform on the Phoenix architecture," and it has a frame agreement with an international automotive OEM. It didn't give any specific details about either one of these assertions though. According to The Wall Street Journal, NEVS needs the partnership to lower development costs in order to stay afloat. Saab spokesperson Mikael Ostlund told Autoblog in an email that the stop in production of the 9-3 in Trollhättan would last four weeks.
NEVS says it's in negotiation to sell a portion of the company to an automotive company. Its current monetary woes are caused by shareholder Qingbo Investment Company not financing the company as agreed. "We plan to have the results of the discussions at latest during June," said Ostlund.

Vampire Weekend singer responds to burning Saab controversy [w/video]

Last week, we tipped you off about Vampire Weekend and their new music video for the song Diane Young, a short film that consists entirely of setting fire to two perfectly nice-looking Saab 900 automobiles. The indie rock band's video - viewable by scrolling down - predictably triggered the internet ire of classic car enthusiasts - Saabophiles in particular - and word of the unrest eventually got back to the band itself.
According to music site Spinner (nb: owned by Autoblog parent AOL), the group was "stunned" at the backlash - enough that lead singer Ezra Koenig felt compelled to respond himself. According to Koenig, the band was under the impression that their record company was "looking to purchase the cheapest, oldest cars possible; they weren't trying to buy a beautiful perfect condition car." By way of apology, Koenig even goes so far as to note that bandmate Rostam Batmanglij is a keen fan of Saab.
Other reports have claimed that the cars may have been purchased under false pretenses, sold by owners who "wanted to see them go to a nice new home," but Koenig takes issue with that characterization, countering that he understood that the cars had substantial electrical problems.