Saab Auto in talk with other Carmakers to share its Tech in order to reduce it's on going crisis

Saab Automobile, the  Swedish car manufacturer  is talk with three car makers to share its technology in an effort to cut model-development costs and cement its recovery from near collapse, the head of the manufacturer's parent company said.

“We've had discussions with three carmakers,” Spyker Cars NV Chief Executive Officer Victor Muller said today in an interview. The company wants an industrial partner to invest technology and cash in an updated version of Saab's classic 92-model compact car of the 1950s, he said.

Muller, speaking after Spyker announced a wider first-half loss stemming from its purchase of Saab from General Motors Co. in February, declined to identify potential partners, citing non-disclosure agreements.

- Bloomberg Inputs

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