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If you had a bit of spare cash at the moment, investing in Saab shares right now may be a good idea (as ridiculous as it sounds). Sure, the company is essentially broke and has stopped manufacturing cars, but how much worse can it it get? The only way is up, right? Plus Saab has just unveiled the new Saab 9-3X.

The company says the 9-3X is a versatile sport wagon equipped to handle rough terrain. Hm? Rough Terrain? Sounds somewhat similar to what one might say about the BMW X3.

Not to be overly critical, the 9-3X makes use of Saab’s XWD system, so it can’t be all that bad. The Swedish brand is hoping the 9-3X will appeal to those looking for an alternative to heavier and larger Crossovers or SUVs.

Some time ago we reviewed the Saab 9-3 E85 Biopower and we had very little good to say about it. Needless to say, the 9-3X will be powered by a similar 155 kW, 2.0-liter turbo engine with E85-capable BioPower technology, being ran through an all-wheel-drive system for the first time.

The usual 132 kW, 1.9-liter turbo diesel engine will also be available, but only as a front-wheel drive.