BMW to supply engines to Saab: Spyker
German car maker BMW is to supply engines to Swedish auto firm Saab from 2012, the Dutch company Spyker which has rescued Saab, said on Wednesday.
"BMW will supply Saab with 4-cylinder 1.6 litre turbocharged gasoline (petrol) engines from 2012," Spyker said.
The sales and marketing director at BMW Ian Roberston said: "We are delighted to support Saab with our engine expertise.
"Our engines have a clear lead over the competition when it comes to fuel consumption, emissions and performance."
Spyker has never made a profit since being set up in 2000. The Dutch company bought Saab from US group General Motors when GM was in severe trouble during the financial crisis. It intends to re-launch the Saab brand.
Saab is associated with high-range cars. It sold 10,500 vehicles in the first half of the year from 24,300 in the same period of last year.
The target is to sell 45,000 cars this year and 80,000 next year, and to make a profit in 2012 with output of 120,000 cars.
GM owned Saab for 20 years but the Swedish company never made a profit during that period. In 2009, output plunged to 38,756 vehicles from 93,000 in 2008.
© 2010 AFP