Saab's a struggle for Spyker
May 8th 2011 06:17
Dutch car manufacturer Spyker, owner of Swedish brand Saab, published Friday a 72 million euro loss for the first quarter, adding that its sales target for this year was "no longer feasible."
Saab, bought by Spyker from General Motors in January 2010, has been trying to generate funds, including through the sales of real estate, to restart production, hit by stoppages including a dispute earlier this month over unpaid bills.
Saab sold 31,696 cars in 2010.
Thanks to AFP
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