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Thursday, 1 September 2011

There is a Big Loss expecting to Saab Auto

STOCKHOLM— Swedish auto NV, the Dutch owner of Saab Automobile AB list, on Wednesday predicted a substantial loss for the year and was withdrawn before the sales and financial targets for 2011, citing a financial crisis that has crippled production since April.
According to the company, “given the recent liquidity and production situation, the previously reported sales and financial targets will be reassessed as to the consequences of this situation in the Group's operations are clear."

It reported a loss in the second quarter of € 152.2 million ($ 220 million), compared to a loss of € 60.4 million in the same period in 2010 and half year loss of € 201.5 million, and compared the loss of € 21.9 million the first half of 2010.Vcommindia News

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