Swedish carmaker Saab would have to sell more than 100,000 cars a year to break even, and hopes to sell about half of that in 2010, chief executive Jan Jonsson said today.
Mr Jonsson said at the Geneva Motor Show that 2010 would be "a success" if the company, which was bought from General Motors by Dutch luxury car maker Spyker on February 23rd, sold 50,000 to 55,000 vehicles.
He also forecast positive cash flow for the loss-making brand by late 2011 or the start of 2012.
Saab sold just under 40,000 cars in 2009, less than half of what it sold in 2008.
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The $400 million acquisition by Spyker, which hung in the balance for months, is also backed by a €400 million loan from the European Investment Bank (EIB).
Reuters