2003 Saab 9-5 Linear Wagon 5 Speed Leather 1 Owner Well Maintained Clean Cheap on 2040-cars

Auto blog

Saab signs deal to sell 20,000 electric cars in China

Another quarter, another gargantuan deal for National Electric Vehicle Sweden (Nevs), the Chinese-backed firm that bought the assets to Saab in 2012 and then spent two years getting out of financial trouble. The company just announced that it has agreed to a framework deal with China Volant Industry Co. (Volinco), a firm whose principal business is import and export of aerospace equipment and technologies. The tentative Volinco order is worth 8.5 billion Swedish crowns ($996 million US) for 20,000 electric cars that will be delivered between 2017 and 2020. A final purchase order is expected to be finalized later. In December, Nevs signed a deal worth $12 billion to provide 150,000 electric cars to Panda New Energy, a Chinese EV leasing company. That deal will also see Nevs provide 100,000 electric vehicle products and services to companies that Nevs works with. As with the Volinco deal, Nevs will build and paint components for its Saab 9-3 EV in Trollhattan, Sweden then ship the kits to China for final assembly. Given the number and size of its recent deals, it shouldn't be a surprise that Nevs is building a factory in Tianjin, China that will be ready in 2020. Volinco apparently plans to use the trove as company cars for employees. The final agreement will also include giving Nevs access to a range of the aerospace firm's suppliers to assist with its production plans. Nevs is also working with Dongfeng and Renesas Electronics to help develop its current and future cars. Featured Gallery 2014 Saab 9-3 News Source: Reuters Green Saab Green Automakers Electric Sedan NEVS national electric vehicle sweden

Saab's latest Chinese owners facing their own credit woes

Poor Saab, it can't seem to get a break. General Motors couldn't seem to make a go of it, neither could Spyker, and now it seems that its latest owner is encountering some problems of its own.
That owner, of course, is National Electric Vehicle Sweden, a Swedish holding company owned by Chinese investors. NEVS recently restarted production at the Saab plant in Trollhättan, Sweden, and had some ambitious plans for the brand's revival, but it appears to have run out of cash.
This according to a report in The Wall Street Journal, which discovered that NEVS is having trouble paying its suppliers. One such supplier, called Labo Test, has reportedly been owed some $22,000 by NEVS since February, and without payment, petitioned the Swedish government to place NEVS into bankruptcy proceedings. If that seems a little extreme to you over twenty-two grand, it would seem the parties agree, as the petition has reportedly since been withdrawn.

Boeing, Saab introduce entry for T-X trainer program

This post is appearing on Autoblog Military, Autoblog's sub-site dedicated to the vehicles, aircraft, and ships of the world's armed forces. Boeing and Saab revealed their entry for the US military's T-X trainer replacement program. The new jet, simply called T-X, is like the lovechild of a F/A-18 Hornet and an F-16 Falcon, and as Boeing tells it, will provide "performance, affordability, and maintainability advantages" over the competition. "Our T-X is real, ready and the right choice for training pilots for generations to come," Leanne Caret, Boeing Defense, Space, and Security's President and CEO said in an official statement. And Caret isn't not kidding about the Boeing T-X being both real and ready – Boeing is so confident that it built two examples before the official unveiling on Tuesday. The first jet, which Defense News reports will fly by the end of the year, debuted to media with the kind of pomp usually reserved for automotive debuts. Boeing/Saab will use the second jet – also featured on Tuesday – for structural proof testing. The needs of a training aircraft are quite different than those of a traditional fighter. The T-X features stadium-style seating, so the instructor riding in back has nearly as good a view as the student in front. Student evaluations should be easy, too, as the open software transmits data effortlessly between ground training systems and the jet itself. Functionally, Boeing claims the twin-tail layout provides more agility than a single-tail design – remember, the military's newest jets, the F-22 Raptor and F-35 Lightning II both use twin-tail layouts – while the Air Force can mount two weapon hard points on the jet's wings. According to Defense News, four manufacturers – Boeing/Saab, Northrop Grumman, Lockheed Martin/KAI, and Raytheon/Leonardo/CAE – are vying for the contract to build 350 new trainers to replace the Air Force's fleet of aging T-38 Talons. Featured Gallery Boeing/Saab T-X Entry News Source: Boeing, Defense NewsImage Credit: Boeing Saab Military