Saab seeks access to BMW technology

• Source: Global Times
• [08:18 September 28 2010]
• Comments

Saab owner and luxury carmaker Spyker is in talks with German peer BMW about parts and technology in a move that could help it reach a goal of trebling sales volumes.

Saab, which was bought early this year by Dutch-listed Spyker from US-based General Motors, is scheduled to sign a deal tomorrow, Dutch public broadcaster NOS said, citing sources at the two carmakers.

Spyker, which has never made a profit since its establishment in 2000, aims to boost sales at Saab to 120,000 cars per year in the long term, up from 40,000 last year.

"The Group confirms that talks are ongoing and will give further details once a final agreement has been reached," Spyker said in a statement.

Saab said it will make an announcement tomorrow and hold a news conference in Swe-den, while a BMW spokesman referred to the Saab conference and said it was in talks with other manufacturers "every now and then."

Saab wants to focus on building a smaller car using BMW technology, NOS said Monday.

Spyker said in February, when it bought Saab, that the Swedish carmaker would look at options of adding a fourth, smaller, car line to its three existing lines, and additional financing for this model could be needed.

Reuters

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