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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little extreme to you over twenty-two grand, it would seem the parties agree, as the petition has reportedly since been withdrawn.

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.

One-off 1997 Saab 900 EX prototype headed to auction

An obscure and fascinating part of Saab's history is looking for a new home. The one-off 1997 900 EX was built in Norway to celebrate the company's 50th birthday, and while it was not approved for production it shows what a sporty, 900-derived coupe could have looked like. British auction house Bonhams explains that Per Ekstrom, an auto body expert and enthusiast according to The Drive, worked closely with Saab and Norwegian road authorities to create the 900 EX. His goal wasn't merely to create an eye-catching coupe that's pretty to look at but impossible to drive; he wanted the model to be street-legal and drive like a regular-production car. The auction description notes that the 900 EX was built by experienced professionals with Saab's blessing and that the process required between 3,000 and 4,000 hours of work. The end result is stunning. While the headlights and the grille create a strong visual link between the EX and the second-generation 900, which enthusiasts often refer to as the GM900, the roof line has been lowered by nearly three inches and the body has been considerably widened thanks in part to 9000 CS-sourced front and rear wheel arches. We're told that the rear window comes from a 900 Cabriolet's soft top and that the hatch is a modified panel sourced from a standard 900, though pictures of the back end haven't been released as of writing. Bonhams describes the build quality as "exceptional" and says that the panel gaps are better than those seen on many modern cars. It adds that the red and gray paint (which is a tribute to the combination often seen on the 900 SPG) is original and "in close to perfect condition."  The interior is largely standard 900 fare. There's wood trim, leather upholstery, a three-spoke steering wheel, and the big knobs and buttons that characterized Saab models for decades. The brand designed the switchgear so that it could be easily operated by someone wearing gloves. The odometer displays about 141,600 kilometers, which represents approximately 88,000 miles, though Bonhams pegs the engine's mileage at around 154,000 kilometers (roughly 95,600 miles). Most of the miles were reportedly added before engine ended up in the EX. Speaking of the engine, power comes from a 2.3-liter turbocharged four-cylinder sourced from Saab's regular-production parts bin and tuned to send 220 horsepower to the front wheels. It's bolted to a five-speed manual transmission.