Spyker Says Saab 9-1 Still Possible, New 9-3 Coming in 2012

#Saab, #9-3

The newly formed Saab-Spyker is a little company with large goals. The firm announced it plans on bringing Saab back to profitability -- a status it hasn’t seen in years -- by 2012, thanks in part to a host of new product.

The company plans on rolling out the all-new 9-5 by the end of this year, and bringing the 9-4x crossover to market in 2011. By 2012, Saab’s portfolio will be completely renewed, as the company plans on rolling out a completely revamped 9-3 that very year.

Should these models succeed and help boost the brand to profitability, Saab-Spyker may revisit the idea of an entry-level Saab model. Previously, Spyker CEO Victor Muller had dismissed the idea of such a model, effectively shelving work on the so-called 9-1. Now, the company says it will “investigate the potential of adding a fourth and smaller car line in due course, provided the positive development of the smaller car segment continues.”

Of course, all this is dependent on the company securing funding from the European Investment Bank. Spyker is tendering nearly $1 billion for the firm, with the largest portion -- nearly $556 million -- stemming from the EIB. Although Sweden has offered to back the loan, the EIB has yet to approve the request.

More is expected soon after Spyker's annual shareholder's meeting on February 12, so stay tuned. Source: AFP, Autocar

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