(Bloomberg) -- Saab Automobile is holding technology-sharing talks with three vehicle makers to cut model-development costs and cement its recovery from near collapse, the head of the manufacturer's parent company said.
“We've had discussions with three carmakers,” Spyker Cars CEO Victor Muller said Friday. The company wants an industrial partner to invest technology and cash in an updated version of Saab's classic 92-model compact car of the 1950s, he said.
Muller spoke after Spyker announced a wider first-half loss stemming from its purchase of Saab from General Motors Co. in February. He declined to identify potential partners, citing non-disclosure agreements.
Reviving the Saab model lineup is key to the $1 billion recovery plan that secured GM's backing and 400 million euros ($509 million) in European Investment Bank funding earlier this year. BMW AG is in talks with Saab on sharing components for a new small car, two people familiar with the matter said in June.
The company predicted that it will deliver 45,000 cars in 2010, the lower end of a previous forecast range of 45,000 to 50,000 vehicle sales.
Saab needs an industrial partner or another investor to help fund development of the 92 model, which isn't included in the business plan, Muller said. The car's design would emulate the teardrop shape of the original 1949-56 model, which has appeared on postage stamps.