GM's Saab cuts targets on way to break even -report

Newswire

FRANKFURT, June 23 (Reuters) - Swedish carmaker Saab reduced its annual sales targets as the General Motors unit tries to reach break-even, the head of GM Europe said in an advance abstract of a report in Automotive News Europe on Saturday. "There is a natural limit where you can earn," Carl-Peter Forster, president of General Motors Europe and chairman of Saab told Automotive News Europe. "Therefore, we have much reduced our volume ambitions, to 160,000 to 170,000." Earlier targets set ...

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