2000 Saab 9-5 Aero Sedan 4-door 2.3l,very Good Condition,turbocharged,119k on 2040-cars

Auto blog

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.

Celebrate Volvo's 89th birthday with some neat facts

Volvo, arguably Sweden's best-known non-ABBA export, will celebrate the big 9-0 next year. The company has always operated somewhat under the radar, but it has its share of stories to tell despite an image formed by decades of solid, safe, and sensible cars. To celebrate the occasion, here are five lesser-known facts about Sweden's last remaining car brand. 1. It opened North America's first foreign car plant. Idyllic Halifax was a small fishing city of about a quarter-million in the early 1960s when Volvo arrived and became the first import brand to build cars en masse in North America. American consumers on the East Coast developed a fondness for the Volvo Amazon line in the late 1950s, leading Volvo to seek out a plant in the Americas. Halifax ponied up incentives, allowing Volvo to take advantage of a pact eliminating tariffs on cars built and exported between the United States and Canada. Volvo built cars there until the end of 1998, when it said its facility was no longer viable compared to larger factories in Europe. That brings us to The Netherlands, where Volvo bought a quirky, innovative automaker that once sold a car called the Daffodil (which was actually its luxury model). 2. You can thank Volvo for CVTs – even though it doesn't use them. Volvo wasn't interested in picking flowers. It wanted the automotive arm of truck manufacturer DAF, which would include its assembly plant, its Renault engines, and the first mainstream application of the CVT gearbox. Volvo acquired DAF's car business over the course of a few years in the early 1970s and, in typical Volvo safety-oriented style, it slapped big bumpers and head restraints on the little DAF 66 and rebadged it as the Volvo 66. The Dutch assembly plant would grow to include a partnership with Mitsubishi in the early '90s. Today, it operates as NedCar and builds Mini Coopers for BMW. Volvo is no longer involved in NedCar or DAF (which sold its CVT division to Bosch, by the way), but its acquisition of DAF helped ensure the success of CVTs. Ironically, even though Volvo's investment helped make CVTs mainstream, the Swedish automaker's affair with them was brief, and today it utilizes only conventional automatics. 3. The Swedish carmakers were pals. Over its 89 years, Volvo has been closely connected to a number of automakers – most notably Ford, which ran the company for a decade, and its current owner Geely. But Volvo is most closely linked to its longtime competitor, Saab.

Junkyard Gem: 1983 Saab 900 Turbo 4-Door Hatchback

I've been finding quite a few interesting Saabs in Colorado car graveyards lately, including a 96 and a 99 (sadly, a discarded example of a Saab 92 has eluded me — at least in the United States — so far), and now it's the turn of the factory-hot-rod Saab that gave car shoppers more horsepower per dollar than anything they could buy from Germany at the time: the 900 Turbo. I found this car a few weeks back in a yard just south of Denver. Saab sold the original version of the 900 in the United States for the 1979 through 1993 model years (after that, the 900 name went on a car based on the Opel Vectra and closely related to the Saturn L-Series), and the early 900s looked very much like their 99 ancestors. Saab was an early adopter of turbocharging, and so the 900 Turbo was available here for the entire 1979-1993 sales run. This engine, a 2-liter slant-four derived from a 1960s Triumph design (and first cousin to the engine used in the Triumph TR7), was rated at 135 horsepower in 1983. That was big power for a small car in the Late Malaise Era, and it gave the 1983 Saab 900 Turbo a power-to-weight ratio similar to what you got in the Mitsubishi Starion and Porsche 944 that year. Electronic fuel injection finally made turbocharging work well for everyday driving (though the Maserati Biturbo stuck with blow-throw Weber carburetors all the way through 1986 in the United States), and it wasn't long before TURBO became a magical word. Yes, by 1984 you had Ozone and Turbo break-dancing while Ice-T makes his film debut. A few years earlier, with the (carbureted) Turbo Trans Am's not-so-stellar reliability on display, Boogaloo Shrimp's character would have been assigned a different name. Though it's possible, based on the fact that at least one 1980s boombox was built from a Saab 900 dash, that Turbo's name was inspired by Saab. Saab should get credit for doing so much to push turbocharging into the daily-driver mainstream. You could get a three-speed Borg-Warner automatic transmission in your new 1983 Saab 900, but it added 370 bucks (about $1,075 in 2022 dollars) to the cost of the car and made it much less fun to drive. This one has the 5-speed manual; I assume the E next to fifth gear stands for "efficiency." The five-door 900 Turbo listed at $16,910 with five-speed manual, which comes to about $49,055 today. A new BMW 528e cost $23,985 that year ($69,580 now) and offered just 121 horsepower.