Perhaps because of the $47 million in cash paid to GM for Saab (and an extra $326 million in preferred shares), Spyker's records showed a first-half loss of $176 million and a turnover of $297 million. Despite these numbers though, the carmaker is not worried, saying it has enough liquidity to continue operating without borrowing until the end of the year.
Spending is likely to continue in the months to come, as Spyker will try and turn Saab around and establish it as “an independent, financially viable, niche premium car manufacturer.” The goal is to bring Saab back to profit by 2012, a goal achievable only if the carmaker sells 120,000 vehicles each year.
For 2010, Saab hopes to achieve sales of around 45,000 units, with the 80,000 units mark to be reached next year. The prospects these goals will be reached are good, according to Saab's CEO Jan Ake Jonsson.
"In just a few months we have delivered several critical operational milestones ranging from restarting our manufacturing and product development to rebuilding our distribution network and undertaking the global launch of the all new Saab 9-5 model, which was extremely well received,” the CEO said when the new targets were announced.
"The support from our employees, dealers, customers, suppliers and other business partners has been overwhelming during this difficult period."
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