Saab 9-3

Just when we thought that the Saab saga was reaching its closure, a new wrench gets thrown into the mix. When NEVS purchased Saab’s assets a little while ago, we were under the impression that this sale included the rights to the “Saab” name and logo. According to reports coming out now, this is not the case.

Apparently, the sale of Saab only covered the failed Swedish automaker’s physical assets. The truck-building company, Scania, and Saab AB still own the rights to the Logo and the “Saab” name. For NEVS to legally use the name, both Scania and Saab AB will need to sign off on the usage, and the companies are reportedly in talks about how to handle this.

We would assume that Scania has no issues at all and just wants a piece of that Saab resurrection pie. Saab AB, on the other hand, still runs Saab’s line of parts, which was not included in the bankruptcy. Saab AB could benefit by using this opportunity to negotiate their way into new dealerships when NEVS starts rolling out new electric-powered Saabs. Saab AB also has to consider protecting its brand image, and it NEVS completely botches this revival, it will make Saab AB look bad as well.

We’re confident that a deal will be struck between the three companies to allow NEVS the rights to the name and logo, but Saab AB will likely have a heavy hand in how the name is used.

As always, we’ll keep you updated as additional information comes to the surface on this seemingly endless Saab saga.

SRT Viper

Last week, we reported that the first SRT Viper would be auctioned during this past weekend’s Barrett-Jackson auction in Orange Country with all the proceeds going to the Austin Hatcher Foundation. Apparently, the pleasure of driving the first model cost more than many of us anticipated; the new generation Viper sold for $300,000.

Despite this amazing sale, the SRT Viper wasn’t the most successful car at the event: the first 2013 Corvette 427 Convertible was sold for $600,000 at the auction, while a custom 2012 Mustang GT Blue Angels was sold for $400,000 last year.

As a reminder, the SRT Viper is powered by a 8.4-liter V10 engine that delivers an impressive 600 HP at 6,100 rpm and 560 pound-feet of torque at 5,000 rpm. The model will be offered in standard and GTS versions, while a GTS-R version will be offered for those who will want to enter the car in the racing competitions.

Saab 9-3

As Saab closes up its latest chapter, which included bankruptcy and many months or “We’re sold, wait, no we’re not” turmoil, we were left wondering what happened to the 900 (ish) Saabs that got held up at port whenever the failed car company filed for bankruptcy. Well, now that Saab has been liquidated to the point that only the 900 cars remain, we now have an idea what’s going on with them.

According to reports, all 900 cars will be auctioned off to varying companies and exporters. Only 300 of these leftover Saabs will make their way into dealerships and the dealers have the option to either put them up for sale at a 30- to 50-percent discount and sell them or strip them down for parts. Obviously the most profitable game would be to strip them down, but it may take a while to sell off all of the parts. So we may be in for some super-cheap Saabs hitting what remaining Saab dealers there are.

The majority of the leftover Saabs will be auctioned to exporters and rental companies. So, for an American to snag up one of these Saabs he has to either find a dealership close enough that actually wants more stock on its lot or pick one up after the rental car company is done with it – AKA after it has been thrashed to within an inch of its life. Who buys a used rental car anyways?

According to the inventory report, there are 67 company cars, which include a 1960 Quantum IV and a `70 Sonnett III, over 450 9-5s, 400 9-3 sedans, 60 9-3 wagons, 12 9-3 convertibles and 28 9-4X crossovers.

So thus closes another part of the Saab saga. Now we just have to see what NEVS can do with the bankrupt Swedish automaker.

SRT Viper

The new SRT Viper debuted a few months ago, but anyone wishing to own the latest generation Viper is going to have to wait until 2013 to actually drive it. Then again, those with heavy pockets will get in ahead of everyone else by putting in a bid on the first-ever SRT Viper when it goes up for auction through Barrett-Jackson. The auction will be held at approximately 3:00pm on Saturday, June 23, 2012 and all proceeds will go to the Austin Hatcher Foundation.

The new generation Viper is powered by a 8.4-liter V10 engine that delivers an impressive 600 HP at 6,100 rpm and 560 pound-feet of torque at 5,000 rpm. The new engine will be mated to an improved Tremec TR6060 six-speed manual transmission. SRT also said “so long” to the all steel flywheel and made an aluminum flywheel standard on the Viper. Not only does this drop 11 pounds from the weight of the car, but drops a tenth of a second off of its 1/4-mile time.

Any auction goers better be prepared to fork over some dough because the first ever SRT Viper is not going to go for a bargain basement price.

Ferrari 599XX Evolution

A few weeks ago, we reported that Ferrari will auction off a 599XX Evo with all the proceeds being used to help the victims of the recent Italian earthquake. Now, the company has announced the results of the online auction: an impressive 1.8 million euro ($2.28 million) were raised, with 1.4 million euro ($1.77 million) coming from the sale of the 599XX.

Ferrari hasn’t announced who the lucky client that acquired this impressive model was, but they did announce that it was an American client. The model will come with a plaque signed by Chairman Luca di Montezemolo and Fernando Alonso and Felipe Massa.

"A pole position result: I knew I could count on the big-heartedness of the Ferraristi but they’ve still managed to surprise me once again," declared Ferrari Chairman, Luca di Montezemolo. "I would like to thank all the clients, collectors and enthusiasts that did their bit. Their bids have sent out a message of warmth and solidarity to the people in our region affected by this tragedy."

In the past two months, we have had two specially developed Ford Mustangs developed for charity auctions. The first was the 2013 Roush Stage 3 Mustang Special Edition and the second was a Ford Mustang Shelby GT500 by Melvin Betancourt . Now, it’s time to add a third model to this very special line of one-off vehicles created specially for charity.

This time, it’s a one-off model based on a 2013 Mustang Boss 302 Laguna Seca that will raise money for the Juvenile Diabetes Research Foundation. This one-off Mustang is basically a Laguna Seca model painted in a very cool combination of Sterling Gray Metallic with Gloss Black on the striping, rear pedestal spoiler, and mirror caps. Special badging will remind everyone around it that this is indeed a special edition. The interior has also received changes in the form of a Charcoal Cloth with custom embroidered Recaro Seating and Sterling Gray X-brace. The car sits on a new set of 19" wheels painted in aluminum.

The Ford Mustang Boss 302 Laguna Seca Alley Edition will be auctioned off in August 2012 at the annual Woodward Dream Cruise. In order to get a chance to place your bid, you’ll have to buy a ticket to the Cruise: $10 each or three tickets for $20.

So picture that you just snagged up a car for, let’s say $3,800, and it is a great car that you completely fall in love with. A year later, you find out that the car was illegally seized according to a court ruling and you have to hand the car over to the heirs of its original owner. You’d be pretty upset, right? Well, add three zeros to that price and you that exact situation unfolding in Germany.

A Dutch car collector purchased a 1935 Mercedes-Benz 500K Roadster from RM Auctions last year for a whopping $3.8 million in California. When the collector shipped the car back to Germany, the German government seized the car stating that it was illegally taken by an American military official around 1945 and shipped to the U.S., as the heirs of the pricy automobile are claiming that the American serviceman stole the vehicle and hid it in the U.S.

Typically, Germany has a 30-year statute of limitation on this sort of case, but a German court stated that since the car was not in Germany for 30 years, the limitation clock never started, which is an odd interpretation of statute of limitations laws. The strangest thing is that between 1945 and 1970, no one has any idea where the car was and what was being done with it, so there is technically no proof that the car was not in Germany, and we find the ruling a little off the wall.

We certainly hope that the buyer can recoup at least a majority of the $3.8 million he used to purchase the car from the seller. Also, there has to be some U.S. law on the books that puts RM Auctions on the hook for selling a car with a shady and undocumented past that just may cost the collector millions of dollars.

One thing’s for sure, if this car wasn’t worth $3.7 million, we are willing to bet that the heirs couldn’t have cared less about getting back the property… We’ll keep you updated as this story progresses.

Source: Bloomberg

The history of the Ferrari 275 began in 1964 when the model was initially brought onto the market. It came as a replacement for the legendary Dayton and only stayed in production for four years until 1968. Initially, the model was offered only in a two-cam version, but at the 1966 Paris Motor Show, Ferrari also unveiled the 275 GTB/4 - or the four-cam version.

The new 275 GTB/4 was designed by Pininfarina, built by Scaglietti, and was the first Ferrari not be offered with wire wheels. It immediately became a legend on the market, and even now, many people still claim it is one of the greatest Ferrari’s ever built. With that stellar history, it’s no surprise that one of the only 330 units built was sold at RM Auctions, Inc (Amelia) for an impressive $1.1 million.

Hit the jump to read more about the 1967 Ferrari 275 GTB/4 Berlinetta.

Source: RM Auctions
Ferrari 599XX Evolution

On Tuesday, May 29, 2012, a 5.8 magnitude earthquake rocked Northern Italy, leaving behind a number of victims, including Lamborghini , Ferrari , and Maserati who had to stop production because their production plants are just 25 miles away from the center of the quake. Even more detrimental is the fact that 17 people were killed and another 350 were injured) during this natural disaster, but Ferrari is doing what they can to help the victims left behind.

In order to help the victims of the earthquake, Ferrari will hold an auction next week, with the most important unit on the block being a 599XX Evo , the extreme, non-homologated sports berlinetta with a commercial value of €1.3 million (about $1.6 million).

Next to 599XX, the auction will include a number of Formula 1 items, including a V8 engine, racing suits and helmets donated by the Scuderia’s drivers, Fernando Alonso and Felipe Massa, and numerous memorabilia items from the works racing cars from past seasons. The Online Ferrari Store will also dedicate a section to this event, where customers will have the opportunity to purchase auction items, including Prancing Horse watches.

At the beginning of May 2012, a one-off Roush Stage 3 Ford Mustang Special Edition raised a total of $100,000 for the SAE Foundation’s STEM. Now, another one-off Mustang will be auctioned off for charity: a special 2013 Ford Mustang Shelby GT500 designed by Melvin Betancourt. The auction will be held on September 22, 2012 at the "Get Your Heart Racing" fundraiser at Ford ’s Dearborn test track. All the proceeds will go to Edith and Benson Ford Heart & Vascular Institute at Henry Ford Health System.

This one-off Ford Mustang Shelby GT500 will feature a very cool exterior white paint finish combined with white graphics and a new set of 20" wheels. The interior will continue the white theme with white-leather Recaro seats contrasted by black stitching. Under the hood, everything remains unchanged, but with a 662 HP V8 engine, who needs more?

At the same event last year, a Mustang Boss 302 was sold for an impressive $300,000, so let’s hope this year will reach or surpass those results.

Source: HenryFord

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