Saab unit will miss its sales target this year image

According to Russian investor Vladimir Antonov, Saab will miss its sales target of 80,000 vehicles this year.

The business man who helped fund Spyker’s acquisition of Saab from GM last February and who previously had a stake in Spyker, told Swedish daily Dagens Industri he saw Saab selling 60,000-65,000 cars this year, short of its target.

“I know that at Saab we are moving ahead, we are following the business plan,” said Saab’s Eric Geers to Reuters. “The sales target is not our prime target. Our prime target is to follow our business plan and deliver, within the financial parameters.”

Antonov also commented that he could finance almost $80 million of Saab’s capital needs this year.

Spyker faced wide scepticism when it rescued Saab from imminent closure but has remained bullish, forecasting sales to rise this year to 80,000 vehicles and 120,000 in 2012.
The automaker has succeeded to sell 31,696 cars in 2010 after cutting its full-year target in October to 30,000-35,000 vehicles from 45,000.