Spyker planning to make Saab profitable by 2012

Article by Christian A., on August 26, 2010

Spyker Cars has many hurdles ahead of it before it achieves its target of returning Saab to profit by 2012. The first task on hand is to get financing for it's the acquisition.

If you haven't heard of Spyker before it made a successful bid to buy Saab from General Motors Co., don't feel left out since this is really just a tiny Dutch luxury carmaker that produces a few dozen handmade sports cars per year. Spyker plans to recapture customers for Saab by focusing on three or four niche models.

It's expected that this effort will use up about 1 billion euros in development costs. Spyker will hold a shareholders meeting on the deal on Feb. 12. Spyker's claim to achieve its goals by 2012 is doubted by Jeroen Willard at Dutch brokerage AEK.

He doesn't think that sales will rebound that quickly and instead believes that Spyker will get there by 2014 or 2015.

How bad of a shape is Saab in? Well, consider that it only produced 20,791 cars last year as sales slumped to 39,903 from 94,751 in 2008. Spyker aims to raise production to pre-crisis levels of about 100,000 to 125,000, armed with a new sales and distribution strategy. [via autonews]

Topics: saab, spyker

If you liked the article, share on:

Comments

Recommended

The current generation of the BMW M3 (F80) sedan isn’t just sporty and luxurious in terms of looks, but also in terms of performance. Because of its athletic appeal, the...
by - August 21, 2017
A lot of us know Singer Vehicle Design and their signature work of reimagining Porsche 911s, and making them look like hot rods from the 70s. They are not alone...
by - August 20, 2017
August 17, 2017 is a sad day for the Dodge Viper, its fans, enthusiasts and its admirers. It is the day when the last Dodge Viper rolled off the assembly...
by - August 20, 2017
A few months ago, Mercedes-Benz promised that they will be treating everyone to a “big surprise” during the Monterey Car Week. And true enough, many of us were stunned as...
by - August 19, 2017
McLaren has already shown some interest in electrifying their models. And initially, we thought that they will just use hybrid systems to use across their current lineup. Nevertheless, we have...
by - August 19, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries