Europe

The brand wants to take "decisive steps towards the European market and audience" before electrification takes over

Reuters reports that Saab/Spyker partner Vladimir Antonov has questioned whether Saab will hit its ambitious 80k unit global sales goal this year, saying This means that the company could face capital problems Thelocal.se provides a little more detail quoting Antonov as saying I'm not involved in how the company is run so I don't have access to the numbers. But according to earlier versions of the business plan, they have to sell 80,000 cars this year to stay with the plan. From my point of view, I think that's a bit too optimistic. If the goal isn't reached it would be nice for Saab to have €50-70 million ($69-97 million) as a little something extra to lean on. We're ready to provide that money if we're allowed to do so by the [European Investment Bank]. Antonov went on to say that bringing in outside investors would be difficult and that if the EIB loan fell through, something he does not foresee, Saab could be bankrupt “in days.” Needless to say, Saab's Chief Optimism Offic...

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