Half-year loss for Spyker, sales of the Saab brand morose

The Dutch manufacturer Spyker sports cars, which bought Sweden's Saab to GM, announced Friday that it had lost money in the first half and predicted annual sales of Saab in the bottom of its forecast range.

The group has however assured that he would not be obliged to undertake a recapitalization and that it had sufficient liquidity to fund its operations until the end of the year.

Spyker posted a loss of 139.1 million euros and a turnover of 243.1 million euros. The group, which has never issued a profit, did not provide comparative figures for the previous year.

For this year, the group has set a sales target of 45,000 vehicles and Saab sold 80,000 vehicles in 2011.In the long term, the group aims to sell 120,000 vehicles per year.

Last month, the CEO of Saab, Ake Jonsson January, had expressed confidence in achieving the annual target of between 45,000 to 50,000 cars sold.

The loss was published two days after the group announced that the amount of its debts was greater than its assets.

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