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Saab's latest Chinese owners facing their own credit woes
Aug 16, 2014 - 6:19 PM - by Saab Forums
Filed under: Saab ([url]http://www.autoblog.com/saab/[/url]), Earnings/Financials ([url]http://www.autoblog.com/category/earnings-financials/[/url])

([url]http://online.wsj.com/articles/saab-car-brands-chinese-backed-owner-faces-credit-crunch-1407921973[/url])

Poor Saab ([url]http://www.autoblog.com/saab/[/url]), it can't seem to get a break. General Motors ([url]http://www.autoblog.com/category/gm/[/url]) couldn't seem to make a go of it, neither could Spyker ([url]http://www.autoblog.com/category/spyker/[/url]), and now it seems that its latest owner is encountering some problems of its own.

That owner, of course, is National Electric Vehicle Sweden ([url]http://www.autoblog.com/category/tag/nevs/[/url]), a Swedish holding company owned by Chinese investors. NEVS recently restarted production at the Saab plant in Trollhättan, Sweden, and had some ambitious plans for the brand's revival, but it appears to have run out of cash ([url]http://www.autoblog.com/2014/05/20/national-electric-vehicle-stops-saab-9-3-production/[/url]).

This according to a report in The Wall Street Journal, which discovered that NEVS is having trouble paying its suppliers. One such supplier, called Labo Test, has reportedly been owed some $22,000 by NEVS since February, and without payment, petitioned the Swedish government to place NEVS into bankruptcy proceedings. If that seems a little extreme to you over twenty-two grand, it would seem the parties agree, as the petition has reportedly since been withdrawn.

That doesn't mean that NEVS is in the clear, though. In addition to Labo Test, the Swedish Enforcement Agency (which sounds to us more like the office of the inspector-general of massage therapy) has reportedly received more than 90 additional claims against NEVS.

The Journal reports that, saddled with bills it can't pay, NEVS is trying to find a major automaker with which to partner on a joint venture or potential ownership stake in Saab. Given how that went for GM, we're not sure how easy that would be.Saab's latest Chinese owners facing their own credit woes ([url]http://www.autoblog.com/2014/08/16/saab-nevs-credit-bankruptcy-report/[/url]) originally appeared on Autoblog ([url]http://www.autoblog.com[/url]) on Sat, 16 Aug 2014 10:02:00 EST. Please see our terms for use of feeds ([url]http://saabforum.org/rss-term-of-use/[/url]).



Permalink ([url]http://www.autoblog.com/2014/08/16/saab-nevs-credit-bankruptcy-report/[/url]) | Email this ([url]http://www.autoblog.com/forward/20946926/[/url]) | Comments ([url]http://www.autoblog.com/2014/08/16/saab-nevs-credit-bankruptcy-report/#comments[/url])

... [Read More]
0 Replies | 73 Views
Check out these cool jazz tracks inspired by great cars of the '70s
Jul 09, 2014 - 11:29 PM - by Saab Forums
Filed under: Classics ([url]http://www.autoblog.com/category/timewarp/[/url]), Etc. ([url]http://www.autoblog.com/category/etc/[/url]), Videos ([url]http://www.autoblog.com/category/videos/[/url]), Dodge ([url]http://www.autoblog.com/dodge/[/url]), Lamborghini ([url]http://www.autoblog.com/lamborghini/[/url]), Lotus ([url]http://www.autoblog.com/lotus/[/url]), Saab ([url]http://www.autoblog.com/saab/[/url])

([url]http://saabforum.org/2014/07/09/cool-jazz-tracks-inspired-great-cars-1970s-video/#continued[/url])

There's nothing like taking a drive with the perfect song playing that matches the mood and moment. When the rhythms sync up with the undulating road, the whole experience gets just a little bit better. Danish jazz-fusion band Elektrojazz understands the connection between music and driving, and it has a new album called Cars with each track inspired by a specific vehicle of the 1970s. The era might be known for some real clunkers, but you don't have to look too hard to find classics from the groovy decade, as well.

Instead of picking the cars themselves, the members of Elektrojazz put up a poll on the band's website allowing people to vote for their favorites. The most popular vehicle in each category made it onto the album. The final list definitely skews towards European sports cars of the era, with choices like the Lotus Esprit ([url]http://www.autoblog.com/tag/lotus+esprit/[/url]) and Lamborghini Countach ([url]http://www.autoblog.com/tag/lamborghini+countach/[/url]), but there are some definite outliers like the AMC Pacer ([url]http://www.autoblog.com/tag/amc+pacer/[/url]) and Saab 99 Turbo ([url]http://www.autoblog.com/tag/saab+99/[/url]).

"Some of my favorites didn't make it," said Elektrojazz member Anders Larson to Autoblog via email. He would have liked the Porsche 928 ([url]http://www.autoblog.com/tag/porsche+928/[/url]) and Jaguar XJS ([url]http://www.autoblog.com/tag/jaguar+xjs/[/url]) to make the cut, among several others. Although, he hinted that another car-inspired album could be on the way.

Each ride gets its own style of jazz to go along with it, too. The song about the 1970 Dodge Challenger ([url]http://www.autoblog.com/dodge/challenger/[/url]) sounds like you could drop it into Bullitt and no one would notice. However, the one about the Pacer uses some Latin-tinged blues. Scroll down ([url]http://saabforum.org/2014/07/09/cool-jazz-tracks-inspired-great-cars-1970s-video/#continued[/url]) to watch a video that previews all of the groovy tracks on the album. It's available for sale on the band's website ([url]http://www.elektrojazz.com[/url]) and on iTunes.Continue... [Read More]
0 Replies | 204 Views
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