ZEEWOLDE, Netherlands (Reuters) -- Spyker Cars NV said production at Saab is on track, two months after the Dutch sports car maker bought the money-losing Swedish brand from General Motors Co.
Spyker also made clear its strong desire to develop a new, compact model for Saab if could find the right partner and the proper financing.
Saab CEO Jan Ake Jonsson told shareholders at Spyker's annual meeting on Thursday that Saab would meet its target of 50,000 cars sold and nearly 54,000 produced this year.
Jonsson said to meet these goals Saab would ramp up productivity in June beyond its original plan. Spyker bought Saab from GM for $400 million in February, taking on the challenge of turning two historically loss-making companies that have struggled to make money into one profitable global car company.
Spyker CEO Victor Muller said Saab's break-even point should be sales of 85,000 cars a year by 2012; analysts have said Spyker must sell at least 75,000 cars a year to be cash flow positive.