SAAB / NEVS
543 topics in this forum
-
- 1 follower
- 0 replies
- 156 views
Last reply by NINETY EIGHT REGENCY, -
-
- 1 follower
- 0 replies
- 586 views
Last reply by NINETY EIGHT REGENCY, -
-
- Editor-in-Chief
- 3 followers
- 8 replies
- 8.3k views
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. View full article
Last reply by A Horse With No Name, -
-
-
- Editor-in-Chief
- 2 followers
- 5 replies
- 2.2k views
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 rema…
Last reply by Drew Dowdell, -
-
- 1 follower
- 0 replies
- 2.3k views
Last reply by NINETY EIGHT REGENCY, -
- 3 followers
- 2 replies
- 1.6k views
Last reply by David, -
-
- Editor-in-Chief
- 5 followers
- 4 replies
- 1.8k views
SAAB 9-5 Aero XWD
Last reply by Cmicasa the Great, -
-
- 0 replies
- 6.4k views
Last reply by NINETY EIGHT REGENCY, -
-
- Editor-in-Chief
- 5 replies
- 7.6k views
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 n…
Last reply by ZL-1, -
-
-
- Editor-in-Chief
- 3 replies
- 6k views
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…
Last reply by David, -
-
-
- Editor-in-Chief
- 9 replies
- 5.6k views
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…
Last reply by David, -
-
-
- Editor-in-Chief
- 2 replies
- 5.5k views
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 Che…
Last reply by regfootball, -
-
-
- Editor-in-Chief
- 1 follower
- 34 replies
- 5.4k views
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 remai…
Last reply by Justin Bimmer, -
-
- 2 replies
- 2.1k views
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…
Last reply by daves87rs, -
-
- Editor-in-Chief
- 12 replies
- 3.1k views
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 …
Last reply by yougojay, -
-
-
- Editor-in-Chief
- 25 replies
- 5.5k views
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 Munic…
Last reply by Drew Dowdell, -
-
- 4 replies
- 2.6k views
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 J…
Last reply by A Horse With No Name, -
-
- Editor-in-Chief
- 1 follower
- 9 replies
- 2.9k views
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 i…
Last reply by ZL-1, -
-
- 0 replies
- 1.9k views
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 administra…
Last reply by William Maley, -
-
- Editor-in-Chief
- 1 follower
- 19 replies
- 2.9k views
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 h…
Last reply by Drew Dowdell, -
-
- 2 replies
- 2.1k views
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 i…
Last reply by A Horse With No Name, -
-
- Editor-in-Chief
- 1 follower
- 4 replies
- 2k views
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 Ne…
Last reply by daves87rs, -
-
- 0 replies
- 3.4k views
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. …
Last reply by William Maley, -
- 0 replies
- 3.5k views
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 en…
Last reply by William Maley, -
-
- Editor-in-Chief
- 1 follower
- 13 replies
- 2.5k views
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.…
Last reply by Z-06, -
-
Subscribe to Cheers & Gears
Since 2001 we've brought you real content and honest opinions, not AI-generated stuff with no feeling or opinions influenced by the manufacturers.
Please consider subscribing. Subscriptions can be as little as $1.75 a month, and a paid subscription drops most ads.*
You can view subscription options here.
*a very limited number of ads contain special coupon deals for our members and will show
-
