"Saab owner posts big nine-month loss

[FONT=Arial]December 1, 2011 09:49 CET
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[FONT=Arial]STOCKHOLM -- Saab owner Swedish Automobile posted a net loss of 366.9 million euros ($493 million) in the nine months to Sept. 30, compared with a net loss of 104.1 million euros in the seven months to Sept. 30 last year, the company said.[/FONT][FONT=Arial]The company posted a third-quarter Ebit loss of 87.5 million euros and sales of 75.8 million euros in the period, it also said.[/FONT][FONT=Arial]Swedish Automobile said it is in continuing talks on Saab's future and the company faces "much uncertainty" in completing a deal to structure investments by Zhejiang Youngman Lotus Automobile and Pang Da Automobile Trade Co.[/FONT][FONT=Arial]"We will consider all options for the company, including an orderly wind-down." CEO Victor Muller said in the statement.[/FONT][FONT=Arial]Swedish Automobile "foresees a substantial net loss for 2011," the company also said.[/FONT][FONT=Arial]Source: Bloomberg"

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