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Swedish Automobile Posts 9-Month Loss of EU366.9 Million

Nov. 30 (Bloomberg) -- Swedish Automobile NV posted a net loss of 366.9 million euros ($493 million) in the nine months to Sept. 30, compared with a net loss of 104.1 million euros in the seven months to Sept. 30 last year, the company said in a statement today.

The company posted a third-quarter Ebit loss of 87.5 million euros and sales of 75.8 million euros in the period, it also said.

Swedish Automobile is in continuing talks on Saab Automobile’s future and the company faces “much uncertainty” in completing a deal to structure investments by Zhejiang Youngman Lotus Automobile and Pang Da Automobile Trade Co.

“We will consider all options for the company, including an orderly wind-down.” Chief Executive Officer Victor Muller said in the statement.

Swedish Automobile “foresees a substantial net loss for 2011,” the company also said.

To contact the reporter on this story: Blanche Gatt in London at

To contact the editor responsible for this story: Colin Keatinge at

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