Saab suitors reportedly whittled down to half-dozen
According to CEO Jan-Aake Jonsson, the automaker needs to sell 130,000 vehicles a year just to break even and doesn't expect to break the 90,000 mark for at least the next two years. Fret not, there's a plan in place that Saab hopes will guarantee the path to profitability, which includes four new models within the next 18 months that emphasize safety and the firm's trademark turbocharged engines.
Crucially, Saab also expects former parent General Motors, which has much bigger issues of its own to worry about at the moment, to write down Saab's $1.15 billion dollar (9.6 billion kronor) debt to the American automaker by 75%.
[Source: Bloomberg | Image: Fabrice Coffrini/AFP/Getty]
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models