2001 Saab 9-5 Se Sedan 4-door 3.0l on 2040-cars

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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

GM wins appeal, dismissal of $3B Saab-related Spyker suit

It's been a long time since we last heard of the legal battles between Spyker CEO Victor Muller and General Motors, the automaker from which Muller's company purchased the embattled Saab brand back in 2010. To refresh your memories, after struggling through 2011 and entering into bankruptcy, Spyker attempted to save the Saab brand by selling it to a Chinese consortium. General Motors, though, blocked the sale because it did not want any of its intellectual property, of which Saab was in possession of from its days under the GM umbrella, in the hands of a potential rival automaker. Spyker then sued GM for intentionally blocking what it said was Saab's only chance of survival. The $3-billion suit was dismissed after a judge ruled in favor of GM, which apparently had granted a license to Saab to continue building cars using its technologies, but reserved the right to cancel that agreement if Saab again changed hands. Spyker appealed, and, according to Reuters, the appeals court upheld the previous ruling, again siding with GM. National Electric Vehicle Sweden, the company that eventually purchased Saab out of bankruptcy, managed to restart production for a short period before itself falling into financial trouble. We have at least another month to wait before hearing how Saab's next chapter may read.

Saab owner may speed up relaunch with gas-powered 9-3

National Electric Vehicle Sweden, the new owner of Saab, has good news for you if you happened to miss out on picking up a 9-3 before the company plummeted through bankruptcy. Automotive News Europe reports NEVS may offer a gasoline-powered 9-3 in 2013. That move would effectively step up the brand's re-launch plan by a full year. Originally, the company planned to introduce an electric vehicle in 2014, but NEVS is currently investigating ways to start production next summer using "a 9-3 with a traditional powertrain" in order to generate more cash for the electrification effort.
NEVS purchased Saab earlier this year with the intent of resurrecting the brand with a fully electric product portfolio. The new EVs would theoretically ride on the Saab Phoenix platform and be manufactured at the automaker's plant in Trollhattan, Sweden. The report of a resurrected gasoline model came courtesy of Mikael Oestlund, a company spokesperson familiar with the company's workings.