Saab 9-5 2.3t Automatic Clean Carfax Florida Leather Sunroof Heated Seats on 2040-cars

Auto blog

Saab US bankruptcy plan gets legal green-light

It feels utterly bizarre that we're still talking about Saab, but Reuters is reporting that the bankrupt Swedish manufacturer's American arm has gotten approval from the US Bankruptcy Court to liquidate its assets and pay back creditors. As part of the plan, secured creditors like Ally Financial will receive full repayment. Unsecured creditors, consisting of those affected by abandoned leases and contracts will get anywhere from 25 to 82 percent of their money back.
There are currently $77 million in unsecured claims, according to Reuters, but that number doesn't include claims from former Saab dealers. Naturally, the entire affair is full of lawyers and legalese. A trust formed on the Saab side will be negotiating with creditors and their affiliates in an attempt to reduce claims against Saab. This sounds like the start of a long and sordid affair...

Ultra-rare 2011 Saab 9-4X up for grabs on Cars & Bids

Saab's sad saga is full of might-have-beens and missed opportunities. As the 21st century dawned, it became clear that the Saab brand could not survive without an SUV in its lineup. In 2005, the 9-2X, a badge-engineered Subaru Impreza Outback Sport, was rushed into production (GM being a part-owner of Subaru parent company Fuji Heavy Industries at the time). That same year same GM also put a new nose on the distinctly mediocre Chevrolet TrailBlazer and peddle that as the Saab 9-7X. The last of the GM-based Saab SUVs was the 9-4X, which was mechanically twinned with the second-generation Cadillac SRX and built alongside it in Mexico. By the time the model was introduced for 2011, GM had already off-loaded Saab. But the new ownership would be short-lived, and production of the 9-4X ended after only a handful of 2012 models had rolled down the line. It's believed that a total of only 803 9-4Xs were built, of which 622 were sold in the United States, which explains why you haven't seen one lately. Or, perhaps, ever. But now you can buy one, as this 2011 example is available right now on Cars & Bids. This is a top-spec Aero version, which means it gets a turbocharged 2.8-liter V6 and the Saab-developed X-drive all-wheel drive, rather than the naturally aspirated 3.0-liter V6 in the base and Premium trims. That gives you 300 horsepower and 265 lb-ft of torque, although this one sports a VTuner Stage 0 tune, so it could have more. With five days still to go, bidding stands at $8,500. For the Saab fans out there, don't let this be another missed opportunity. Related Video: Saab 9-4X concept introduced at Detroit Auto Show

Want one of the last Saab 9-3s ever built? Here's your chance

National Electric Vehicle Sweden (NEVS) purchased the assets of bankrupt Swedish automaker Saab in 2012. The next year, NEVS restarted production of the 9-3 sedan that lasted until 2014. In December 2013, the company pulled a silver 9-3 Aero Turbo from its pool of customer cars, intended for crash testing. The crash test never happened, and that silver sedan hung out at the factory for six years. Autocar writes that NEVS wants to find that Saab a good home, and will put it up for auction later this year. The model has a 2.0-liter turbocharged four-cylinder with 217 horsepower and 258 pound-feet of torque, shifted through a six-speed manual transmission. Other than the fact it's spent six years holed up in a Swedish factory, the condition is brand new - there are only 3.1 miles on the odometer. It's hard to predict what such a time capsule might go for. NEVS only built 420 units before ceasing production, so the 2013 9-3 Aero Turbo has rarity on its side. This isn't the only such Saab to roll out of the crypt recently, though. In 2017, a 2014 9-3 Aero popped up in the Netherlands with only 211 miles on the odo. In 2018, a 2011 diesel 9-3 SportCombi wagon with 56 miles on the odo broke through the space-time continuum in Italy. NEVS will put its 9-3 on display in Trollhattan this weekend during the annual Saab Car Museum Festival.