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Saab is considering a new compact car that is smaller and costs less than the 9-3 sedan. If you’ve been dying to get inside a Saab and think this is the way, don’t hold your breath; there are no plans to launch the car until next decade.

“It might be the most dramatically styled,” Steve Shannon, Saab’s general manager in the United States, said at a press event. “The idea is to have an iconic...

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