2007 Saab 9.3 No Reserve Aero Convertible~ V6 Turbo~no Accidents~rust Free~clean on 2040-cars

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New Saab parent NEVS: we're not totally broke

The many fans of 1987's The Princess Bride will recall Billy Crystal's Miracle Max character optimistically referring to the protagonist Westley as "mostly dead." It looks like National Electric Vehicle Sweden (NEVS), the company that now owns the Saab brand, fits that description. Of course, Westley does end up surviving and getting the girl. NEVS put out a statement last week saying that, while it doesn't have the cash to pay off all of its outstanding debt (hey, who of us does?), it is "not insolvent" because its assets are greater than its debt. Its suppliers will get paid, but that NEVs "cannot say exactly when." NEVS, the partnership between a Chinese company and a Japanese investment firm that acquired the Saab name in 2012, restarted production at its Trollhattan plant in Sweden last year and had promised a vehicle line that would include a battery-electric version of the 9-3 sedan. Instead, NEVS stopped the production line that was only making about a half-dozen vehicles a day (the gas-powered, turbocharged 9-3) in May because it said shareholder Qingbo Investment Co. didn't provide the agreed-upon cash. NEVS now says it held positive talks with two manufacturers this summer, and that once funding is secured, it will rewrite its business plan with its new partners to resume production. The supplier that filed a bankruptcy petition is withdrawing it based on this new information, says NEVS. Saab made its first cars in 1947 and was eventually owned by General Motors before being sold to Spyker in 2010. Bankrupt by the end of 2011, Saab was acquired by NEVS the following year. Check out NEVS's most recent press release below. And have fun storming the castle. Information from Nevs Nevs hereby clarify that the company is not insolvent. The company does not have enough liquid cash as today to pay all outstanding debt but Nevs' assets are larger than its debt. Nevs today cannot say exactly when, but Nevs' suppliers will get paid. During the summer, the dialogues with the two major vehicle manufacturers have continued and developed in a positive direction. It is a thorough evaluation process that is still ongoing, and the discussions have not been finalized yet. After the funding is secured, and after that Nevs business plan is updated together with its new partners, Nevs will be able to make the decision on when the Trollhattan factory can resume its production.

This virtually new, very last Saab 9-3 could be yours

The date is October 7, 2019, and it is currently possible to buy a virtually new 2014 Saab 9-3 Aero Turbo4. Spiking the car's rarity is the fact that this specific vehicle is said to be the last Saab to roll off the production line in Trollhattan, Sweden. Driven only 41 miles, chassis No. YTNFD4AZXE1100257 is a true piece of Swedish automotive history, and it's set for auction this month. We first got word of this car back in June 2019, and the time has finally come for this Saab to be sold. As previously reported, this vehicle is from the National Electric Vehicle Sweden (NEVS) era. The seller, Bilweb Auctions, says it is the last Saab to come off the manufacturing line, and it was reportedly set aside for crash testing. The testing never occurred, and the sedan, one of only 420 built, survived. The seller says the mileage comes from running the car on the test track next to the old plant for photography and videography purposes.  This 9-3 Aero uses a Ecotec 2.0-liter turbocharged four-cylinder with 217 horsepower and 258 pound-feet of torque. It has immaculate Diamond Silver paint and matching silver turbine wheels. Inside, there is a two-tone interior with cream leather seats, a black dashboard, and black accents. According to Autocar, the proceeds of the auction will go to NEVS' Sustainable Mobility Scholarship at University West in Sweden. Bidding on the car opens soon, and interested parties can sign up to be alerted when the auction starts.   Auto News Auctions Saab Sedan

Even Ferrari swept up in latest Takata recall expansion

The scope of Takata's deadly airbag problems continues to widen. Eight manufacturers announced recalls Friday that affect more than 12 million vehicles, according to documents filed with federal regulators. The automakers include Honda, which is recalling 4.5 million units, Fiat Chrysler with 4.3 million, Toyota with 1.65 million, and Subaru, which is recalling almost 400,000. Some of these cars include the Saab 9-2x and Pontiac Vibe that Toyota and Subaru made for General Motors. Mazda will recall 730,000 vehicles and Nissan has 400,000 affected units. The smallest numbers were posted by Mitsubishi, with 38,000 Lancers manufactured from 2006 to 2007, and as a noteworthy high-end manufacturer, Ferrari is calling back 2,800 vehicles. These are all US-market cars. Beyond America, the Japanese Transport Ministry has announced seven million additional vehicles will be recalled, which means 19.6 million vehicles across the globe are affected by recalls announced. The defects have been traced to an insufficiently manufactured airbag inflator, which lacks a drying agent that would prevent the inflators from deteriorating over time. Thirteen deaths have been linked to the faulty airbags, which have become unstable and are prone to exploding and showering vehicle occupants with lethal amounts of metal shrapnel. A private equity firm, KKR & Co., has been named in a possible buyout of the struggling Takata. Related Video: News Source: ReutersImage Credit: Shutterstock Government/Legal Recalls Ferrari Honda Mazda Automakers Mitsubishi Nissan Pontiac Subaru Toyota Saab Safety