Talks are ongoing between Saab Automobile and three vehicle makers about sharing their technology in a move to reduce model-development costs and bolster its recovery, according to Spyker Cars NV Chief Executive Officer Victor Muller, the head of Saab’s parent company.
Muller said that they are seeking an industrial partner to invest technology and cash in an updated version of Saab's classic 92-modelcompact car of the 1950s.
However, he declined to name the companies it is in talks with, citing non-disclosure agreements. Spyker recently announced a higher first-half loss due largely to its purchase of Saab from General Motors Co. last February.
It’s believed that Spyker’s success in reviving the Saab model lineup is the key to the $1 billion recovery plan that had secured GM's support and 400 million euros ($509 million) in European Investment Bank funding earlier this year.
Last June, two sources revealed that Saab has been talking with BMW AG about the possibility of sharing components for a new small car.
The company expects to deliver 45,000 cars in 2010. The previous forecast had given a range of 45,000 to 50,000 vehicle sales. Muller said that Saab requires an industrial partner or another investor to contribute in the development of the 92 model, which wasn’t part of the business plan.
This car’s design would have the teardrop shape of the original 1949-56 model, which can be seen on postage stamps.