UPDATE 1-Spkyer can't meet Saab target as losses worsen

Newswire

* Q1 net loss 72 mln euros, vs Q4 loss 39 mln euros * Q1 sales 257.1 mln euros, vs Q4 301 mln euros * Saab 2011 production target of 80,000 not achievable * Cites tight cash position, aims to restart production soon (Adds background, quote) AMSTERDAM, April 29 (Reuters) - Spyker Cars , the Dutch parent of Swedish premium carmaker Saab, reported a first-quarter net loss of 72 million euros on Friday and warned it was unlikely to meet its 2011 production target. Spyker bought Saab ...

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