1988 Saab 900 Turbo Convertible 2-door 2.0l on 2040-cars

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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

NEVS completes Saab purchase, earns right to brand name but not griffin badge

According to the Associated Press, a Hong Kong-based concern is close to building new Saab models. After some delays, National Electric Vehicle Sweden (NEVS) has completed the purchase of bankrupt Swedish automaker Saab.
NEVS says it plans to debut an electric vehicle in about 18 months. When the car comes to market, it will wear the Saab name, but not the marque's well-known griffin logo. Reuters reports that the company will produce EVs based on the Saab 9-3 platform, with intentions to sell these vehicles primarily in the Chinese market. Due to the continued use of the distinctive griffin head logo by commercial truckmaker Scania and the Saab aerospace group, NEVS was only granted access to the Saab name, not its emblem.

Saab tries [again] to emerge from bankruptcy

If we've learned one thing from watching The Walking Dead, it's that the only way to terminate a walker is with a swift and brutal blow to the brain. Sadly, no one has come along that's willing to do the gruesome deed to the stumbling shell that is Saab. The company's latest owner, National Electric Vehicle Sweden is trying, yet again, to crawl its way out of bankruptcy with a "composition proposal in order to exit the reorganization." That proposal, outlined in the attached press release, will see the majority of the company's many creditors receive full repayments. For 104 of the 573 creditors, all of whom have claims over 500,000 Swedish Krona (roughly $60,000), their claims will be reduced by 50 percent. If creditors approve the proposal, it'd provide "the conditions for completion of ongoing negotiations with two major OEMs," which the press release claims could come on as either a joint-venture partner in Trollhattan or a majority owner in the struggling company. We won't be holding our breath. Scroll down for the full press release from NEVS. Thursday, February 19, 2015 A composition to get Nevs out of reorganisation National Electric Vehicle Sweden AB, Nevs, provides unsecured creditors a composition proposal in order to exit the reorganisation. It creates the conditions for completion of ongoing negotiations with two major OEMs and the implementation of a new business plan together with partners and owners. Nevs' owners and management has noted the difficulty of completing this type of complex negotiations during a reorganisation and the risk premium it implies. The current negotiations, together with two major OEMs, are mainly focused on two tracks that are complementing each other. One is to form a technical joint venture company in Trollhattan and the other is to introduce a new majority owner in Nevs, with the plan of making Saab cars a global premium product. - The negotiations are progressing but we also see the complication of reaching an agreement when we are in a state of reorganisation. Our main owner has single-handedly financed the reorganisation and intends to get us out of it. In order for this to be possible financially, we need to reach a composition arrangement with the creditors, says Nevs CEO, Mattias Bergman. The composition proposal includes a composition of 50 percent for unsecured creditors on claims over 500'000 SEK.