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Junkyard Gem: 1989 Saab 900 Turbo Convertible

I live in Colorado, where Saabs were loved deeply by residents going way back to the 96 (and I'm sure a few 92s were sold here in the 1950s, though I haven't found any in local car graveyards … yet). By far the easiest pre-GM Trollhattanites to find in Centennial State wrecking yards these days are the 1978-1993 900s, and I walk by a half-dozen for each one that I document as a Junkyard Gem. We admired a gloriously brown 900 Turbo two-door a few months back, but today's 900 Turbo is an extremely rare cabriolet version, the first I've found in a boneyard in at least 15 years. The convertible 900 was available only as a turbocharged version in the United States when it was introduced for the 1986 model year, and that continued through 1991. After that, a naturally-aspirated 900 convertible could be bought here. When in very nice condition, these cars can bring tidy sums. A super-low-mile '87 900 Turbo convertible just sold for $145,000 recently, in fact. This car has more than 843 times as many miles on the odometer as that car, however, and it shows every one of them. It's not terribly rusty, considering, but the sheet metal shows many battle scars, and the interior is about what you'd expect with 33-year-old leather. Last year's film adaptation of Haruki Murakami's short story, "Drive My Car," put the Saab 900 Turbo back into mainstream cultural awareness. However, that car is a two-door sedan; the best-known Saab 900 Turbo Convertible in cinema history is the one driven by Iben Hjelje's character in the film adaptation of the Nick Hornby novel, "High Fidelity." These cars were fairly quick for their time, with 160 horsepower from this DOHC 2.0-liter straight-four in 1989. Having seen more than my share of 900 Turbos going up against same-era BMW E30s and Acura Integras on road courses, I'd put my money on the Saab in a wheel-to-wheel race (that is, in a race short enough to keep the Swede's nervous engine alive). While a three-speed automatic was available on this car, the kind of Americans odd enough to buy Saabs in 1989 also tended to be the type that wanted manual transmissions. In fact, I can't recall ever seeing a (non-Opel-based) 900 with a slushbox. Yes, Opel! Starting in the 1994 model year, the 900 name went on a car based on the Opel Vectra platform. Later on, the Saab 9-5 and Saturn L-Series lived on the same chassis. Given all the luxury features and genuine performance, this car was a pretty good value for the price in 1989.

GM denies Spyker claims in $3B Saab lawsuit

Reuters reports General Motors has dismissed claims by Spyker outlined in a $3 billion lawsuit. Spyker alleged GM deliberately bankrupted Saab by preventing a deal with Chinese investor Zhejiang Youngman Lotus. GM, meanwhile, filed a response with the U.S. District Court for the Eastern District of Michigan saying that as the former owner of Saab, GM had the legal right to approve the deal with Youngman. But Spyker's lawsuit claimed GM's refusal to approve the deal with Youngman stemmed from the fact that the American automaker didn't want to create a competitor in China.
GM has said the issue stemmed more from the fact that it would stop licensing its technology to Saab or stop building vehicles for the manufacturer in the event it was bought by Youngman. Since Saab built its own platform that didn't use any GM tech, Spyker says that argument is meritless.
The lawsuit has Spyker seeking $3 billion in compensatory damages, though that number could swell with interest, punitive damages and legal fees, as well. Victor Muller, Spyker chief executive, has said the lawsuit is being funded by an anonymous third party. That party will share in any settlement. Youngman has refused to comment on whether or not it's footing the legal bill.

Saab owners NEVS denied creditor protection by Swedish court

The story of Saab is practically a Greek tragedy at this point. The quirky Swedish automaker that was once known as a pioneer of affordable turbocharging has been followed by years of news that just seemed to keep getting worse. At this point, maybe the brand name should be allowed to fade away into the ether and be remembered for the good times that it gave us.
Saab's latest predicament is that its parent National Electric Vehicle Sweden (or NEVS) has been denied protection from its creditors by the Swedish courts. According to Reuters, the judges called the business' financing plan "vague and completely undocumented." A company spokesperson told Reuters that it plans to appeal.
Seemingly in reaction to the court's decision, NEVS posted a press release on its website announcing that the company had applied "for a reorganization to create more time for the ongoing negotiations." The automaker continues to claim that it's negotiating with two global automakers to sell a portion of the company, possibly Mahindra, but the process is taking longer than it originally predicted. It seems a distinct possibility that this reorganization attempt is simply a way to buy extra time.