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Saab-BMW deal on the cards

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Saab-BMW deal on the cards

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Spyker – which owns Swedish car maker Saab – is reportedly talking with Germany’s BMW about buying parts and technology.

An announcement on a deal is expected on Wednesday.

An agreement could help Saab reach its goal of trebling sales volumes to 140,000 cars a year.

Spyker bought loss-making Saab from General Motors in February, and said then that it would look at options for adding a fourth, smaller, car line to its three existing lines, and additional financing for this model could be needed.

Saab could continue to use GM technology despite the change of ownership but was also free to use parts of other car makers, a Saab spokesman said. Saab’s 9-5 model uses about 30 percent GM parts or technology