UPDATE 4-Spyker drops Saab target, taps owners, China

Newswire

* Saab 2011 production target of 80,000 not achievable * Spyker is raising funds from existing shareholders * Q1 net loss 72 mln euros, vs Q4 loss 39 mln euros * In talks with Chinese, others, aims to restart production * Shares down 1.6 pct (Adds CEO comment, updates shares, links) By Sara Webb and Fang Yan AMSTERDAM/BEIJING, April 29 (Reuters) - The outlook for Swedish carmaker Saab deteriorated further on Friday as its Dutch parent Spyker Cars NV cut its 2011 target and ...

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