It was reported last week that Saab, which is owned by Spyker, was facing a worsening financial situation and that the company’s future is at risk without additional investment. The news came after Saab faced a short production stop after key suppliers put a hold on parts due to non-payment.
Spyker CEO and Saab Chairman Victor Muller today said that the production problem was a small glitch and that the company will survive.
“Saab is still producing and it is not on the verge of collapse,” Muller said at a news conference “A small glitch does not change the fact that cars are being made.”
Muller said that by next year, Saab will have the widest and newest model lineup in its history. He reaffirmed that output this year would be 80,000 units and that the brand Saab would be profitable in 2012.
– By: Omar Rana
Source: Automotive News