2008 Saab 9-3 2dr Convertible on 2040-cars

Auto blog

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.

Spyker's $3B lawsuit against GM for blocking Saab sale thrown out

US District Judge Gershwin Drain has dismissed a $3-billion lawsuit Spyker filed against General Motors. In the suit, Spyker accused GM of attempting to bankrupt Saab after the US automaker had already sold the company to Spyker. GM in effect blocked the sale of Saab to China's Zhejiang Youngman Lotus Automobile Company by prohibiting the transfer of some of its intellectual property. But the court found that GM had a "contractual right" to approve or disapprove any change of ownership. Furthermore, Reuters reports Judge Drain said the contract between GM and Spyker "is clear, unambiguous and absolute" on the matter.
GM, meanwhile, says it is pleased with the ruling. Spyker CEO Victor Muller has not said whether or not his company will appeal the ruling. The Dutch automaker is expected to make a final decision once the court issues its written order on the case.
You can read the official Spyker press release about the court ruling below for more information.

Saab-powered Ford is the most unlikely drift car we've seen

Yes, you read that headline correctly. It's supposed to be a Saab-powered Ford, and not the other way around (although we fully support the notion of a Sonnet with a Flathead V8). Apparently, some lunatic in the UK took an ass-less 1953 Ford Anglia, paired it with a turbocharged Saab engine, and tuned the entire thing to go drifting. We like it. Called Urchfab, it's the subject of Carfection's (the blokes formerly known as XCar) latest video. Aside from looking like an extra from the British version of Mad Max, it has a problem with grip, in that there's just too much of it. This car is a fabber's dream, as we get to see its unnamed owner fashion new bits and bobs for the suspension before having an unfortunate encounter with a wall at Castle Combe. You can check out the full video up at the top of the page for a closer look at this monstrous Anglia. Related Video: