Saab loses $107 million in Q1, looking for a Chinese partner
 

<p>Filed under: <a href="http://www.autoblog.com/category/china/" rel="tag">China</a>, <a href="http://www.autoblog.com/category/saab/" rel="tag">Saab</a>, <a href="http://www.autoblog.com/category/earnings-financials/" rel="tag">Earnings/Financials</a></p><a href="http://www.autonews.com/apps/pbcs.dll/article?AID=/20110429/COPY01/304299860/1128"><img alt="saab logo" src="http://www.blogcdn.com/www.autoblog.com/media/2011/04/saab-logo.jpg" style="width: 630px; height: 420px; border-width: 0px; border-style: solid; margin: 4px 0px;" /></a><br />
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<em>Automotive News</em> reports that <a href="http://autoblog.com/make/saab">Saab</a> lost $107 million during the first quarter of 2011. The automaker says that it is unlikely to meet its 2011 production target of 80,000 units, which is hardly news when considering that the automaker can't even make vehicles right now. The automaker sold only 9,674 vehicles in the first quarter of this year.<br />
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Saab is still looking for funding to jump-start production, and the company is reportedly in talks with three Chinese automakers in hopes of finding a partner. <a href="http://autoblog.com/tag/spyker/">Spyker</a> CEO Victor Muller reportedly said in a statement that Saab is looking for alternatives for funding operations, including "discussions with Chinese car manufacturers." Bloomberg reports that a deal could be made with one of the companies within the next few days.<br />
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[Source: <a href="http://www.autonews.com/apps/pbcs.dll/article?AID=/20110429/COPY01/304299860/1128">Automotive News</a> - sub. req.]<p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2011/04/29/saab-loses-107-million-in-q1-looking-for-a-chinese-partner/">Saab loses $107 million in Q1, looking for a Chinese partner</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Fri, 29 Apr 2011 10:59:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://www.autonews.com/apps/pbcs.dll/article?AID=/20110429/COPY01/304299860/1128>Read</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2011/04/29/saab-loses-107-million-in-q1-looking-for-a-chinese-partner/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19927658/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2011/04/29/saab-loses-107-million-in-q1-looking-for-a-chinese-partner/#comments" title="View reader comments on this entry">Comments</a>

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