(Reuters) - The future of Spyker's (SPYKR.AS
) Saab rests on finding more manufacturing partners and bringing down the number of cars it must sell to break even, its executives said.
The company hopes to cut costs by finding automakers to share vehicle platforms, Spyker Chief Executive Officer Victor Muller and Saab President and CEO Jan Ake Jonsson told the Reuters Global Auto Summit on Tuesday. The company is talking to potential partners, Muller said, but he declined to name any. Muller said the company is in talks with "a few" potential partners to share its new Saab 9-3 platform.
Car platforms represent the basic architecture and engineering behind a vehicle and can take hundreds of millions of dollars and four years or more to develop. For that reason, automakers including Ford Motor Co and General Motors Co are pushing to use the high-cost platforms across more models that can be sold globally, a move that reduces costs and improves profitability. Jonsson said Saab's target is to break even at sales of 85,000 cars annually. But he said that the niche automaker currently needs "north of 100,000" vehicle sales to break even.