BILBAO, Spain -- Saab could build cars in China if its annual volume in the market hits 10,000 units, Victor Muller, chairman of the Swedish brand, said.
"We hope to be selling 10,000 cars in China in the next three years," Muller told the Automotive News Europe Congress this week. "If that happens, we will talk to local manufacturers about production."
Muller also told the Congress that Saab will announce new distribution arrangements in China in the next few months.
Muller's Spyker Cars NV, a Dutch maker of luxury sports cars, bought Saab from General Motors Co. earlier this year.
Muller said he expects Saab to be "cash positive" at the end of 2011 "if nothing strange happens in the world or in the auto business."
He said that by 2012 Saab will have a much lower breakeven point than under previous owners GM at 85,000 annual unit sales, adding that it "would not be presumptuous" to expect the brand to achieve a volume of 125,000 in that year.
"Saab sold 98,000 cars globally in 2008. In two years we will have new products -- the 9-5, 9-4X crossover and a new 9-3, so sales will bounce back," Muller said.