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Spyker and Youngman sign deal, plan to build D8 SUV and Phoenix-based range

It appears Spyker is strengthen its ties and carmaking ability with Chinese carmaker Youngman. This comes in the wake of the brand's latest dealings with a $3 billion lawsuit against General Motors regarding the demise of Saab.
Youngman is reportedly investing €10,000,000 ($12.5M USD) for a 29.9-percent stake in the company. The shares are being sold for €0.05 (6.3 cents) each, representing a fully diluted share. Youngman has said it will not take on more than the 29.9-percent stake.
Additionally, Youngman will invest €25,000,000 ($31M) for the development of an all-new Spyker vehicle, called the D8 P2P, named for the Peking-to-Paris rally. The vehicle had been shown as a concept by Spyker previously, but things had been quiet since then. It appears Spyker will now build the uniquely styled D8 Concept shown above. The vehicle is to launch at the end of 2014 and carry a price of $250,000 per vehicle.

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.

Future Classic: 1999-2002 Saab 9-3 Viggen

Given the company’s now-defunct status, you could argue that all Saabs are future classics. Even the final round of cars from the era of General Motors ownership deserve their place in history. Seriously, how hot was the last 9-5? Handsome design and quirky features were hallmarks of the Saab brand, and its cars felt every bit as premium as its primary European competitors. But while other luxury carmakers put great effort into full lineups of performance cars, Sweden only produced the odd sporty Saab every once in a while. One of our favorites was the 9-3 Viggen from the turn of the century, and itÂ’s a car that still makes us swoon today. Why is the Saab 9-3 Viggen a future classic? Saab's whole "born from jets" tagline never really made much sense, but at least the 9-3 Viggen's name was a nod to the company's aerospace roots. The Swedish word "Viggen" translates to "thunderbolt" in English, and this name was used on the Saab 37 Viggen aircraft that entered service in the early 1970s. MotorWeek | Retro Review: '99 Saab Viggen The 9-3 Viggen used a turbocharged 2.3-liter inline-four engine, most notably remembered for its eyebrow-raising 20 psi of boost pressure. Rated at 225 horsepower – which was later bumped up to 230 hp – and 252 pound-feet of torque, this engine was paired exclusively with a five-speed manual transmission and front-wheel drive. Stiffer suspension components, firmer dampers, stronger driveshafts, a heavy-duty clutch and a revised exhaust were also part of the package. The Viggen was relatively quick, with Saab quoting a 0-to-60-mph time of around 6.5 seconds. However, the 9-3 Viggen is largely remembered for things like its ridiculous turbo lag and torque steer – characteristics that kind of made this car hilarious to drive, even if they took away from overall sharpness and composure. What is the ideal example of the Saab 9-3 Viggen? Saab offered the 9-3 Viggen as a three-door hatchback, five-door hatchback and two-door convertible. And while this car is most commonly remembered in its launch shade, Lightning Blue, Saab offered the Viggen in black, gray, red, silver and yellow. You could even spec the interior with blue, orange or tan leather accents. Arguably the most iconic 9-3 Viggen spec is a Lightning Blue three-door hatch, but the other colors are far more rare. WeÂ’ve got a major soft spot for a Monte Carlo Yellow five-door, but really, you canÂ’t go wrong.