1995 Saab 9000 Cse Turbo Hatchback 4-door 2.3l on 2040-cars
Tucson, Arizona, United States
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Hello! I have for sale is my 1995 Saab 9000 CSE Turbo. It currently has 177,149 miles on it. The transmission is an automatic and it is my daily driver. The turbo is quick on the get go and will give you the power needed. It gets great gas mileage, usually ranging from 20-23 MPG. I have had no issue with this Saab, I recently took it up to flagstaff and back with no issues. The interior is okay for it's age. The leather seats show a bit of age and there is a tear on the drivers side but that was from the previous owner. I am the third owner of this car. I have installed a new radiator for the summer months and two new tires, the other two still have tread in them. There is a dent from when my car was hit in a parking lot on the driver side fender but it has no affect on the way it drives and the A/C went out this summer and the wiper-fluid reservoir is broken, but that was like that when I bought it.. The fan still blows but there is no cold air, if you ever owned a Saab, you know about the fun quirks of these cars. The engine is a bulletproof 4 cylinder turbo and it is a lot of fun to drive. I am asking for $2800 OBO or for a trade, shoot me an offer.
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NEVS' reorganization plan approved after all?
Fri, 29 Aug 2014What a difference a day makes. Thursday, we reported that current Saab parent National Electric Vehicle Sweden had its application for creditor protection denied by the Swedish court for being "vague and completely undocumented." But NEVS was back in court on Friday, and this time the application was granted. However, the story continued to get weirder as defense contractor Saab AB allegedly revoked NEVS' rights to use the Saab name.
NEVS did put out a brief press release confirming the court decision saying: "The District court of Vänersborg, Sweden, today August 29 approved the application for reorganization from National Electric Vehicle Sweden AB." The company allegedly has over 90 creditors, and according to Reuters, it owes them roughly 400 million Swedish krona ($57.56 million). The business says that it is in negotiations with two, unnamed companies to get additional funding.
Also, according to Reuters, Saab AB, best known for making fighter planes, has revoked NEVS' rights to the Saab brand name because the company's application for creditor protection gave the defense contractor that right. When NEVS bought Saab, it only acquired the automaker's physical assets, and had to negotiate for the rights to use the name.
Spyker's $3B lawsuit against GM for blocking Saab sale thrown out
Tue, 11 Jun 2013US District Judge Gershwin Drain has dismissed a $3-billion lawsuit Spyker filed against General Motors. In the suit, Spyker accused GM of attempting to bankrupt Saab after the US automaker had already sold the company to Spyker. GM in effect blocked the sale of Saab to China's Zhejiang Youngman Lotus Automobile Company by prohibiting the transfer of some of its intellectual property. But the court found that GM had a "contractual right" to approve or disapprove any change of ownership. Furthermore, Reuters reports Judge Drain said the contract between GM and Spyker "is clear, unambiguous and absolute" on the matter.
GM, meanwhile, says it is pleased with the ruling. Spyker CEO Victor Muller has not said whether or not his company will appeal the ruling. The Dutch automaker is expected to make a final decision once the court issues its written order on the case.
You can read the official Spyker press release about the court ruling below for more information.
Saab US bankruptcy plan gets legal green-light
Thu, 18 Jul 2013It 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...