Find or Sell Used Cars, Trucks, and SUVs in USA

Turbo Wagon, Leather, Hot Seats, Paddle Shift, Sunroof, Runs Drives Excellent !! on 2040-cars

Year:2003 Mileage:115096
Location:

Winchester, Virginia, United States

Winchester, Virginia, United States
Advertising:

2003 saab 9-5 linear wagon, LOW MILEs 115k. 2.3l turbo motor, very peppy and soundsgreat. It is also easy on the gas for such a large vehicle with wagon storage room. Motor sounds excellent, smooth and quiet idle. Automatic transmission with steering wheel "paddle shift". The transmission is solid, shifts smoothly into all gears. Drivetrain is all in great condition. It feels tight and responsive when driving down the road. Brakes are smooth and quiet. It is white with black trim and tan leather interior, It features Heated front seats, driver seat memory. Dual zone automatic climate control, Onstar, steering wheel radio controls, column mounted cruise control. All power features, lights and signals are working. Interior is in great shape, very clean and looks great. All the seats are very comfortable to sit in. This is a very nice wagon.

It has a small dent in the front of the hood and needs a new grill insert. Aside from that the rest of the body is in great shape. Even with the front end dent it is still a good looking car. Very presentable. 4 matching tires have about 30-40% tread life. No chips or cracks in the glass. This is a really nice saab, the 2.3l motor is a very good motor, they are known for lasting well into the 200k mile mark. This one has plenty of miles left to give, and you can feel it when driving it. Dont miss out on this one, its sure to be a great deal.

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Auto blog

NEVS to build new Saab models in China's Qingdao

Thu, 10 Jan 2013

National Electric Vehicle Sweden has officially signed a deal with Qingdao Qingbo Investment Company that will see the NEVS build EVs in Qingdao, China. The move is the first step on the road toward eventually selling vehicles in China. Reuters reports that the Chinese company has agreed to invest $307.33 million, after which point Qingdao Qingbo will receive 22 percent of the NEVS shares. Currently, there's no word on exactly when the funds and shares will change hands, but the Swedish automaker has previously said it fully intends to launch its first EV by early 2014.
NEVS has also made waves about potentially building a version of the old Saab 9-3 with a traditional internal combustion driveline. Currently, the manufacturer says it plans to ship the vehicles it builds in Sweden to the Qingdao port and distribute them to the rest of China from there. Later down the line, a manufacturing facility in Qingdao will supply the country with Chinese-built Saab models.

NEVS, the company that took over Saab, gets new majority owner

Wed, Jan 16 2019

Chinese real estate conglomerate Evergrande Group, a key investor behind troubled electric vehicle startup Faraday Future, has acquired a 51 percent stake in NEVS. That's the Chinese-backed Swedish electric vehicle company that purchased the assets of Saab out of bankruptcy in 2012. The investment by subsidiary Evergrande Health Industry Group was valued at the equivalent of $930 million and is expected to help NEVS develop new EVs. Evergrande said it paid the first installment of $430 million on Jan. 15, with the remainder due by the end of the month. The remaining 49 percent stake is controlled by a holding company controlled by NEVS founder Kai Johan Jiang. "It means that NEVS will get a financial (sic) strong main owner who is very interested in developing our vision about green mobility transport solutions for the future," NEVS CEO Stefan Tilk said in a statement. NEVS, short for National Electric Vehicle Sweden, owns production facilities in Trollhattan, Sweden, and Tianjin, China, with another under construction in Shanghai. In late 2017 the company launched what apparently was limited production of the 9-3 EV, an electric vehicle based — you guessed it — on the old Saab 9-3 platform. The company now says it will be built in Tianjin starting later this year, with components coming from Trollhattan. It boasts a 186-mile range, in-car WiFi and a cabin air filter for the notoriously smoggy Chinese air. It also showed a battery-electric 9-3X concept at CES Asia in 2017, which is likely to be its next model pegged for production. The South China Morning Post, citing local media reports, says two of NEVS' models meet the standards for mass production in China. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Definitely the best promotional video we've ever seen. Evergrande Health first came to Faraday Future's rescue back in 2017 with a promised $2 billion investment, but the two sides later went into arbitration in Hong Kong over a dispute about money following the first infusion of $800 million, leading the automaker to cut staff and wages last year, casting the future of FF into doubt. At the end of 2018, Faraday announced it had entered into a new restructuring agreement with an Evergrande Health subsidiary that sees them end litigation and jettison the previous investment agreement, taking Evergrande's investment in the company to 32 percent.

Court extends Saab reorganization bid until end of November

Fri, 10 Oct 2014

Saab parent company National Electric Vehicle Sweden refuses to go down without a fight. After a recent trip to court, the company is emerging with an extension on its reorganization until November 29. According to Europe Online Magazine, there's also an appointed committee of creditors and union representatives to monitor NEVS' restructuring process.
NEVS still isn't giving up hope of saving itself, and the company claims there are has two potential strategies for getting back on its feet. The main plan is to "finalize the negotiations with the two Asian automotive manufacturers," according to a press release. Those firms still aren't identified, but Mahindra may be involved. According to Europe Online Magazine, one of the businesses is looking to take partial ownership of NEVS, and the other is considering some sort of cooperation with it.
If that plan fails, the second option is to take advantage of the factory and become a contract manufacturer.