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    Drew Dowdell

    ...rising from the dead...

    The old SAAB 9-3 has risen from the dead! The platform, now owned by National Electric Vehicles Sweden (NEVS) is being used as the basis for a "new" electric vehicle.  The 9-3EV has gone into production in Tianjin China in a factory that can assemble up to 50,000 units a year. Further manufacturing facilities are being set up in Trollhättan, Sweden and a new facility in Shanghai China.
    Back in January, Evergrande Groupe, an investor in Faraday Future, purchased a 51% stake in NEVS for $930 million.  Evergrande is being tight lipped about the cars and no details have yet been released for range, power, battery size, or even On Sale dates.

    Drew Dowdell

    Evergrande Group in China has acquired 51% of the shares in NEVS AB in Sweden

    On Wednesday, NEVS AB announced that it has a new owner. Evergrande Group's subsidiary, Evergrande Health, the main investor in Faraday Future, has acquired 51% of the share of NEVS AB. NEVS bought the remnants of SAAB after Spyker, Saab's prior owner, went into bankruptcy. 
    NEVS has been using Saab 9-3 bodies to build electric vehicles for China.  They have manufacturing plants in Tianjin China and Trollhättan, Sweden with another under construction in Shanghai China.
    NEVS AB was founded in 2012 by Kai Johan Jiang when he bought the bankruptcy estate after Saab Automobile. Since then he has been the major owner of the company. Kai Johan Jiang will hold the remaining 49% of shares through his NE Holding company.
    Faraday Future and Evergrande settled a dispute over shares earlier this month that had put the future of Faraday Future in jeopardy.  Evergrande settled by reducing its stake in Faraday from 45 percent to 32 percent.  

    Drew Dowdell
    October 10, 2013
    Drew Dowdell
    Managing Editor - CheersandGears.com
    It is October 10th, a bit too early for Halloween, and yet here is a zombie starting to show signs of being undead. National Electric Vehicles Sweden (NEVS) has confirmed that they have most of the agreements in place with parts suppliers to restart production of the 9-3 in Trollhättan, Sweden within a few months. NEVS is focusing primarily on suppliers in or close to Sweden to allow for shorter lead times, lower cost, and to bring greater benefit to the local economy.
    NEVS Purchasing Manager, Per Svantesson says, "We have 400 supplier agreements in place with only a few dozen left to complete in the next six to eight weeks." Production is set to start before the end of 2013.
    NEVS has recently completed 15 pre-production SAAB 9-3s as test run of the Trollhättan assembly line.
    In spite of the "Electric" in the name, these initial cars still have traditional gasoline engines. The exact engine has not been specified, but it is unlikely to be the familiar GM based Ecotec units found in earlier SAAB 9-3s. NEVS plans to add an electric model 9-3 later next year. Following that will be a launch of an all new car built on the still-born SAAB PhoeniX platform.
    Those of you in the U.S. can put your checkbooks away however, NEVS initial marketing push will be in China.
    Happy early Halloween, Zombie lovers!
    Source: Radio P4West (in Swedish) via SaabsUnited
    Also Via SaabsUnited.com - The first pre-production Saab 9-3 rolling off the production line.

    http://www.youtube.com/watch?v=lCd_VsK9MvY
    Drew Dowdell is Managing Editor of CheersandGears.com and can be reached at Drew.Dowdell@CheersandGears.com or on Twitter as @cheersngears

    William Maley
    William Maley
    Staff Writer - CheersandGears.com
    June 12, 2013
    A U.S. District court judge has dismissed the $3 billion lawsuit filed by Spyker on behalf of Saab against General Motors last August. The suit alleged GM blocked the sale of Saab's assets to Zhejiang Youngman Lotus Automobile Co and eliminate a potential rival in the growing Chinese market.
    "General Motors had a contractual right to approve or disapprove the proposed transaction. The court is going to grant the motion to dismiss the matter," said U.S. District Court Judge Gershwin Drain during a hearing in Detroit.
    Judge Drain said GM acted legally in order to protect its intellectual property and that it did not stop the deal to intentionally drive Saab into bankruptcy.
    "We are pleased with the court's decision to dismiss the case, which we believe was the appropriate result," said GM spokesman Dave Roman to Reuters.
    Spyker CEO Victor Muller who was at the hearing declined to comment on whether or not they would file an appeal.
    "We will be awaiting the written order and then we will assess," Muller said.
    Source: Reuters
    William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.

    William Maley
    By William Maley
    Staff Writer - CheersandGears.com
    February 21, 2013
    When an automaker passes on, we're left wondering what could have been. What was coming down the pipeline had the company stuck around?
    SaabsUnited has the pictures and story behind the next Saab were it still in business, the 9-3 dubbed 'Phoenix'.
    The new 9-3 was spearheaded by designer Jason Castriota. Castriota was the person behind the PhoeniX concept shown at the 2011 Geneva Motor Show.
    Castroita had a huge mission ahead of him with the design of the 9-3 as this excerpt shows.

    SaabsUnited notes in their story that Castriota and his team were limited by time and money. The original plan was to have car finished by the end of 2011 so it could debut at the 2012 Geneva Motor Show. Production models would follow in 2014 with a five-door and convertible. But as well know, that would not happen.
    Be sure to read the whole story on what could have been the next 9-3.
    Source: SaabsUnited
    William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.

    Drew Dowdell
    December 21, 2012
    Drew Dowdell
    Managing Editor - CheersandGears.com
    How do we know the world is not ending today? Because Saab issued a press release. If they are still alive, then so are the rest of us.
    Saab Automobile Parts North America entered into an agreement with General Motors Company on December 17th for 179 mostly prior Saab dealerships and service centers to provide warranty and service work for all Saabs built prior to the 2009 model year. The agreement does not change the status of Saabs still under GM warranty coverage. Model year 2010 and and 2011 owners will be covered starting in 2013.
    Press release on page 2
    Drew Dowdell is Managing Editor of CheersandGears.com and can be reached at Drew.Dowdell@CheersandGears.com or on twitter as @cheersngears
    Saab Automobile Parts North America and General Motors Company enter Warranty Services Agreement

    Covered owners can now take their Saab vehicles to any of the 179 SPNA Warranty Service Providers to have warranty work performed.
    Agreement commenced December 17, 2012.
    Technical and Customer Assistance support will be offered to ensure Saab expertise is available in North America.

    Saab Automobile Parts North America (SPNA), the exclusive provider of Saab Genuine Parts and Accessories to the U.S. and Canadian markets, and General Motors Company (GM) have entered into a Warranty Services Agreement that authorizes SPNA to provide warranty administration and related services through Saab’s network of Warranty Service Providers for model year 2009 and prior Saab vehicles still covered under the GM limited warranty. The agreement permits Saab owners the opportunity to have their vehicles repaired by Saab factory trained technicians using Saab Genuine Parts by a nationwide network of Warranty Service Providers.
    Tim Colbeck, President and CEO of Saab Automobile Parts North America, said: "Our agreement with General Motors is an important step in supporting Saab owners in North America and ensuring they have access to Saab Genuine Parts, service programs and technical support for years to come".
    The transition of warranty administration services from GM to SPNA will commenced on December 17, 2012. Geographically, the agreement covers all of the United States and Canada. It will not affect GM’s original manufacturer limited warranty coverage. All scheduled maintenance, roadside assistance, loaner vehicle allowances and Certified Pre-Owned coverage remain in effect.
    Saab Warranty Service Providers will have a Saab dedicated claims processing team and access to technical experts to assist with the timely completion of necessary maintenance and repairs. To ensure Saab expertise is available in North America, the agreement calls for a Technical Assistance Center (TAC) to be established. The TAC line will be available to all Warranty Service Providers requiring technical support from the SPNA team of experts. The Saab Warranty Services Agreement provides for the best overall customer ownership experience.
    The agreement also calls for the establishment of a North America Customer Assistance Center (CAC). All Saab owners will benefit from the CAC which will be available for customer facing interactions early next year.
    In addition, SPNA will be launching their Saab Secure program in early 2013, providing limited service support to model year ’10 and ’11 owners.
    Saab Automobile Parts North America commenced operations in June 2012. The company is headquartered in Michigan and is responsible for the warehousing, distribution and sale of Saab Genuine Parts and Accessories for all Saab vehicles in the United States and Canada. The company distributes parts and accessories from its 153,000 sq. / ft. warehouse through its nationwide network of Official Service Centers and Warranty Service Providers. With over 50,000 part numbers and over 70,000 parts, the company can ship over 3,000 order lines each day.</p>

    William Maley
    William Maley
    Staff Writer - CheersandGears.com
    August 6, 2012
    Former Saab owner Spyker has filled a $3 billion lawsuit against General Motors for its actions of blocking the sale of Saab to Chinese automotive firm, Youngman Automotive.
    "This lawsuit seeks redress for the unlawful actions GM took to avoid competition with Saab Automobile in the Chinese market," Spyker said in a statement.
    "GM's actions had the direct and intended objective of driving Saab Automobile into bankruptcy, a result of GM's tortiously interfering with a transaction between Saab Automobile, Spyker and Chinese investor Youngman that would have permitted Saab Automobile to restructure and remain a solvent, going concern."
    "It is hard to believe. We have no comment until we see the lawsuit," GM Spokesman James Cain told Reuters.
    GM might not have seen the lawsuit, but we have. The suit filled in U.S. District Court for the eastern district of Michigan alleges that GM prevented the reorganization of Saab even after agreements were put in place that no GM technology went to Saab's Chinese partners. Saab's Phoenix platform, which was developed separately from GM, was going to be sold to China. The lawsuit further alleges that GM even torpedoed an 11th hour agreement that would have prevented any near term participation of Youngman until after Saab's use of GM technology had passed.
    Source: Reuters
    Spyker's Statement and Filing is on Page 2
    William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.

    SPYKER FILES A THREE BILLION DOLLAR LAWSUIT AGAINST GENERAL MOTORS


    Zeewolde, the Netherlands, 6 August 2012 -- Spyker N.V. ("Spyker") announced that it has filed a complaint against General Motors Company ("GM") in the United States District Court of the Eastern District of Michigan today at 08.00 AM EST. Spyker filed the complaint in its own right and on behalf of its 100 percent subsidiary Saab Automobile A.B., which was declared bankrupt on December 19, 2011.
    This lawsuit seeks redress for the unlawful actions GM took to avoid competition with Saab Automobile in the Chinese market. GM's actions had the direct and intended objective of driving Saab Automobile into bankruptcy, a result of GM's tortiously interfering with a transaction between Saab Automobile, Spyker and Chinese investor Youngman that would have permitted Saab Automobile to restructure and remain a solvent, going concern. The monetary value of the claim amounts to US$ 3 billion (three billion US dollars).
    Since Saab Automobile is in receivership and hence incapable to contribute to the costs of litigation, Spyker and Saab Automobile have entered into an agreement pursuant to which Spyker will bear the costs of such litigation in exchange for a very substantial share of Saab Automobile's award when the proceedings are successful. Spyker has secured the financial backing required to see the lawsuit through to the end from a third party investor.
    Victor R. Muller, Spyker's Chief Executive Officer said: "Ever since we were forced to file for Saab Automobile's bankruptcy in December of last year, we have worked relentlessly on the preparation for this lawsuit which seeks to compensate Spyker and Saab for the massive damages we have incurred as a result of GM's unlawful actions.
    We owe it to our stakeholders and ourselves that justice is done and we will pursue this lawsuit with the same tenacity and perseverance that we had when we tirelessly worked to save Saab Automobile, until GM destroyed those efforts and deliberately drove Saab Automobile into bankruptcy."
    The Complaint, as filed this morning at 08.00 EST, is attached to this Press Release.


    William Maley
    William Maley
    Staff Writer - CheersandGears.com
    June 28, 2012
    Earlier this month, National Electric Vehicle Sweden AB (NEVS) bought up the assets of Saab, except for two key items; the name and logo of Saab.
    The Saab name and logo are under control of defense company Saab AB and truck maker Scania, and National Electric Vehicle Sweden has to ask for permission to use it.
    "Every use of the trademark had to be discussed. NEVS can't get hold of the Saab name until we've approved it. That is under discussion right now," Scania spokesman Hans-Ake Danielsson told Automotive News Europe this week. "We have to protect our good name and brand. We have to be sure the new owner will not jeopardize that name."
    Scania explained the decision to protect the Saab name and logo came from when General Motors bought up 50% of the passenger-car division of the company that included Saab AB, Saab Autos and Scania.
    NEVS spokesman Mikael Ostlund said: "All parties are looking for a solution as soon as possible."
    Source: Automotive News (Subscription Required)
    William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.

    William Maley
    William Maley
    Editor/Reporter - CheersandGears.com
    June 13, 2012
    Despite the heavy odds against it, Saab will rise up once more.
    Today, Saab’s bankruptcy administrators, Anne-Marie Pouteaux and Hans L. Bergqvist, announced that National Electric Vehicle Sweden AB has agreed to purchase a majority of Saab. National Electric Vehicle Sweden AB is a consortium made up by Hong Kong-based National Modern Energy Holdings Ltd. and the Japanese investment group Sun Investment LLC.
    The deal includes a production facility, Saab Tools, test facilities, Saab Powertrain, and the 9-3 architecture. Not included intellectual property rights to the 9-4x or 9-5 and Saab Parts. Neither one of the parties would reveal the purchase price.
    At a news conference earlier this morning in Trollhattan, NEVS chief Karl Johan Jiang revealed the that the consortium will use the Saab name. Also, NEVS said their first vehicle would be based on the current Saab 9-3 with Japanese technology and come out sometime in late 2013 or 2014. The vehicle will be built in Trollhattan.
    Source: The New York Times, SaabsUnited

    Blake Noble
    G. Noble
    Editor/Reporter
    CheersandGears.com
    Tuesday, 21st February, 2011
    No doubt about it, the drama surrounding the bankruptcy of Saab almost seems scripted enough to be fit for daytime television at times. The latest news to come out of Trollhättan is no exception, now that the Swedish automaker is looking for a new suitor.
    According to a recent post on Saabs United, Saab's bankruptcy administrators have 6 to 7 bidders interested in purchasing the company and that each bidder is serious about building new Saabs. Among Saab's new suitors in particular is a European automaker which, according to Saabs United's rather patulous sources, "is German and located in Munich." There is also information that indicates that this particular company has the desire to build Saabs and their own vehicles on shared platforms.
    Interestingly, Saabs United also notes that the company that wins the Saab deal won't be the highest bidder, but the company that has the best plan for getting Saab back in business.

    William Maley
    William Maley
    Editor/Reporter - CheersandGears.com
    January 18, 2012
    The Saab story is only getting worse and worse. Last week, Saab reportedly sent 100 new vehicles to the crusher as part of the receivership process. The crushed cars include some pre-production 9-5 SportCombis and 9-4Xs. Reports say that Saab was able to save one of the 9-5 SportCombi for the Saab museum, which conflicts with reports of the Saab museum being closed and going into liquidation.
    The museum, which has a collection of 120 different Saab vehicles are now up for sale. According to BringATrailer, if you want your chance to get your hands on a piece of the museum, you have to submit a bid by January 20th.
    Source: Autocar, BringATrailer

    William Maley
    William Maley
    Editor/Reporter - CheersandGears.com
    December 30, 2011
    Saab's bankruptcy is attracting a lot of companies wanting to buy up pieces of the Swedish automaker. Last week, we reported that Youngman Automotive got their hands on Saab's new Phoenix platform. Now, an Indian automaker wants a piece of the griffin.
    Bloomberg reports that Mahindra & Mahindra, an Indian SUV manufacturer, is looking into buying up pieces of Saab. Two people familiar with the situation say the company is trying to set up meetings with the two court-appointed administrators who are overseeing Saab’s bankruptcy.
    Neither Mahindra & Mahindra or the two court-appointed administrators could be reached for comment.
    Source: Bloomberg

    William Maley
    William Maley
    Editor/Reporter - CheersandGears.com
    December 23, 2011
    Earlier this week, we reported on which companies were going after Saab's assets, including Youngman Automotive and possibly Turkey. Well, one of Saab's biggest assets has been sold to Youngman.
    Youngman said yesterday, they had purchased Saab’s “Phoenix” vehicle architecture. Phoenix was a homegrown architecture that would begin underpinning new Saab vehicle, beginning with the new 9-3. The architecture is said not have any relation to any GM based architecture.
    Rachel Pang, a Youngman Spokesperson told Automotive News China that the firm has already gone through the motions of setting up a firm in Sweden to develop new cars on Phoenix.
    Source: Automotive News China via Left Lane News

    William Maley
    William Maley
    Editor/Reporter - CheersandGears.com
    December 20, 2011
    If you were thinking about stopping by your nearest Saab dealer to get a steal on a new 9-5, you might want to hear this.
    Automotive News reports Saab Cars North America issued the following statement:
    "Warranty coverage is suspended indefinitely for all new Saab vehicles sold. During this period, the warranty booklet must be removed from the owner information packet. For any vehicle sold or leased during this period, the customer should be affirmatively advised that the vehicle does not carry any warranty coverage and is sold 'as is.' "
    Saab Cars North America also told Automotive News that they have suspended processing and payment of all claims, which include:
    New-car warranties
    Powertrain warranties
    Emission warranties
    Parts warranty
    Safety belts, airbags
    Towing
    Recalls and campaigns
    Certified pre-owned coverage
    Goodwill
    No charge maintenance

    The question now being asked if this suspension is permanent or temporary. The answer will likely be decided when Saab goes through bankruptcy proceedings.
    Source: Automotive News (Subscription Required)
    UPDATE - GM announced they will extend warranty coverage for owners of Saab vehicle built before February 2010.
    "In the event Saab cannot or will not fulfill its obligations to administer the warranty programs with its U.S. and Canadian dealers through Saab Cars North America or otherwise, GM will take necessary steps to ensure that remaining warranty obligations on Saab vehicles marketed by GM in the United States and Canada will be honored," said GM Spokesman Jim Cain.
    Source: The Detroit News

    William Maley
    With Saab heading into bankruptcy, companies are coming in to snap up pieces of the brand.
    Hans Bergqvist, the administrator in charge of liquidating Saab told Swedish publication NyTeknik that many companies are interested in Saab's assets.
    Berggvist did confirmed that one of the companies interested is Youngman Automotive. This should come as no surprise as the company tried to save Saab until the last minute and has invested tens of millions of euros to help pay for wages and taxes. A spokesman for the company said that it was primarily interested in the Phoenix platform that would have underpinned the next-generation 9-3 and possibly other technologies that didn't involve GM.
    But there is another party that is also interested in Saab's assets, the Turkish government.
    Turkey has numerous auto factories on its territory; Fiat, Renault, Toyota, Ford, and Hyundai all build cars there. But Turkey doesn't have their own brand. Buying up some of Saab's assets could help the country begin building their own car.
    According to the report, the Turkish Embassy was in contact the ministry talking about Saab.
    Source: NyTeknik

    Drew Dowdell
    December 19th, 2011 - Drew Dowdell - CheersandGears.com -
    It looks like the end is nigh for troubled Swedish automaker SAAB who filed for bankruptcy in Vänersborg, Sweden today. After receiving a number of life lines in the way of funding promises via various Chinese banks and auto manufacturers, the final life line by Youngman Automotive was cut when General Motors officially stated that they would not approve the deal.
    Just last week, the court appointed administrator for SAAB's voluntary reorganization, Guy Lofalk, quit giving SAAB another two weeks to finalize the deal with Youngman Automotive.
    The official press release from SAAB is on page 2
    Zeewolde, The Netherlands, 19 December 2011 – Swedish Automobile N.V. (Swan) announces that Saab Automobile AB (Saab Automobile), Saab Automobile Tools AB and Saab Powertrain AB filed for bankruptcy with the District Court in Vänersborg, Sweden this morning.
    After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded. The Board of Saab Automobile subsequently decided that the company without further funding will be insolvent and that filing bankruptcy is in the best interests of its creditors. It is expected that the Court will approve of the filing and appoint receivers for Saab Automobile very shortly.
    Swan does not expect to realize any value from its shares in Saab Automobile and will write off its interest in Saab Automobile completely.
    Source: SAAB Global Media

    William Maley
    William Maley
    Editor/Reporter - CheersandGears.com
    December 15, 2011
    Guy Lofalk, the court-appointed administrator of Saab’s voluntary reorganization is quitting his post.
    “The Saab companies and Guy Lofalk have jointly requested that Guy Lofalk will be dismissed as administrator and that lawyer Lars-Henrik Andersson is appointed as a new administrator," said a statement on the Vanersborg District Court website.
    Saab spokesman, Eric Geers stated that it was Lofalk’s own decision to quit. However, reports from the Swedish media conflict with Geers statement, indicating that Victor Mueller, CEO of Saab parent company Sweidsh Automobile, was eager for Lofalk to leave.
    The Vanersborg District Court was originally going to decide whether to approve Lofalk’s application to end the reorganisation process for Saab tomorrow, but has been pushed to next week in light of the news.
    Source: Autocar
    Related:
    Saab Gets Two Lifelines

    William Maley
    William Maley
    Editor/Reporter - CheersandGears.com
    December 14, 2011
    Last time on the story of Saab; Guy Lofalk, the court-appointed administrator of Saab’s voluntary reorganization filed paperwork to end the reorganization and the Swedish courts would make decision this Friday. But like all other times, Saab has found a lifeline to keep them afloat. This time, Saab has found two.
    Lifeline #1 comes from Youngman Automotive who sent Saab 3.45 million Euros (about $5 million U.S. dollars) to cover immediate tax expenses this week. But that's not all; Youngman is promising a further $26.4 million payment this week to cover unpaid salaries and $13.2 million more by the end of December.
    Lifeline #2 comes from Swedish courts. Originally, the Court told Saab they had until tomorrow to present a case on why the court should continue the voluntary reorganization. Well, the Court has moved the hearing to next week.
    Source: Reuters, Left Lane News

    William Maley
    When we last checked in on Saab, they had announced a deal with Youngman automotive and a bank in China and were waiting on approval from GM and the Chinese.
    Well Saab might have just used it's last life. Yesterday, General Motors announced they wouldn't support the new agreement.
    "We have reviewed Saab's proposed changes regarding the sale of the company. Nothing in the proposal changes GM's position. We are unable to support the transaction," said GM spokesman Jim Cain.
    And the news gets even worse for Saab. In a press release today, Saab's parent company Swedish Automotive revealed the administrator in charge of Saab's reorganization for the Swedish government, Mr. Guy Lofalk would apply for termination of voluntary reorganization of the automaker.
    Lofalk has tried to apply for termination of the reorganization back in October, but was met with anger and threats of removing him from the reorganization.
    However, that isn't stopping Saab to try one last ditch effort to get some money. Victor Muller, Saab's boss Saab boss Victor Muller is reportedly seeking a loan worth over $800 million from proposed Chinese partner Youngman and an unnamed bank.
    Source: Autoblog, The Detroit News
    Related:
    The Continuing Story of Saab, Part 412.5: Three Ring Circus
    A Chinese Bank Becomes An Investor In Saab
    Press Release is on Page 2
    7 December 2011
    Swedish Automobile Informed By Administrator Of
    Application To Terminate Voluntary Reorganization
    Trollhättan, Sweden: Swedish Automobile N.V. (Swan) announces it has been informed that the administrator of the reorganization, Mr. Guy Lofalk, will apply for termination of the voluntary reorganization of Saab Automobile AB (Saab Automobile) and two subsidiaries with the District Court in Vänersborg, Sweden.
    Saab Automobile and its creditors have approximately five to six days to submit their view to the District Court before the Court takes a final decision about termination of the reorganization. The management of Saab Automobile will consider future steps and continues the current discussions with Youngman about the necessary funding to pay the wages and be able to continue the voluntary reorganization.

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