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GM sees Saab break-even at well below 200,000 units Posted by Ian Glenday [Email] ![]() ![]() ![]() |
"STOCKHOLM, Nov 15 (Reuters) - General Motors Corp.'s <GM.N> loss-making car brand Saab can break even at a significantly lower production volume than previously expected after recent costs cuts, a top GM executive said on Tuesday.
But it was still too early to say when Saab would reach profitability, GM Europe President and Saab Chairman Carl-Peter Forster told an auto industry conference in Stockholm.
The Swedish brand, which last year made just over 120,000 cars sold mainly in Europe and North America, has racked up hefty losses in recent years in a fiercely competitive market.
"We believed break-even for a premium brand like Saab was well over 200,000 units," Forster said.
"We now know that that point is well below 200,000 units.""
Check the link for all the story.
_______________________________________ Ian 1959 93b 1967 96V4 1968 99 1974 99L 1988 900S 1988 900 1994 900S 1996 900S 1999 9-5SE, 2.3lpt 1995 9000 CSE 2006 9-3SC, 2.0T
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