{"id":338704,"date":"2011-03-25T17:05:32","date_gmt":"2011-03-25T17:05:32","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/25\/saab-chief-goes-as-losses-mount\/"},"modified":"2011-03-25T17:05:32","modified_gmt":"2011-03-25T17:05:32","slug":"saab-chief-goes-as-losses-mount","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/25\/saab-chief-goes-as-losses-mount\/","title":{"rendered":"Saab chief goes as losses mount"},"content":{"rendered":"<p><div readability=\"97.4839186691\">\n    \t\t  <span><br \/>\n    <span>25 March 2011<\/span><br \/>\n<span>Last updated at <\/span><span>13:05 ET<\/span><br \/>\n<\/span><\/p>\n<p>        <!--  Embedding the video player --><br \/>\n<!--  This is the embedded player component --><\/p>\n<div readability=\"35\">\n<div>\n<div readability=\"7\">\n                                <img decoding=\"async\" class=\"holding\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/f525abf847_51839846.jpg.jpg\" alt=\"Spyker\" \/><\/p>\n<p><strong>Please turn on JavaScript.<\/strong> Media requires JavaScript to play.<\/p>\n<\/p><\/div>\n<p>        <!-- embedding script --><\/p><\/div>\n<p>            <!-- companion banner --> <\/p>\n<p>\t\t\t<!-- END - companion banner --><!-- caption --><\/p>\n<p>Watch: Victor Muller, Saab owner and chairman, says chief Jan Ake Jonsson &#8216;had the toughest job in Sweden&#8217;<\/p>\n<p>\t\t<!-- END - caption -->\n        <\/div>\n<p><!-- end of the embedded player component --><\/p>\n<p><!-- Player embedded -->                      <\/p>\n<p>The chief executive of Saab is stepping down as the carmaker continues to struggle with weak sales and large losses.<\/p>\n<p>Saab suffered a 218m euros ($308m; \u00a3191m) loss last year, according to parent company Spyker Cars.<\/p>\n<p>Jan Ake Jonsson has worked for Saab for about 40 years.<\/p>\n<p>As chief executive during the last six years, he was instrumental in saving Saab from closure.<\/p>\n<p>&#8220;He&#8217;s done an incredible job getting Saab back on track,&#8221; Victor Muller, owner and chairman of Saab, told BBC World in an interview.<\/p>\n<p>Mr Jonsson said: &#8220;The last three years have of course been very demanding and forced me to  focus on one thing only &#8211; my work.<\/p>\n<p>&#8220;Now it is time for me to also spend some time on other things that had to  stand back for my duties to Saab.&#8221;<\/p>\n<p>  <span>&#8216;Experienced manager&#8217;<\/span><\/p>\n<p>The company is still struggling, however.<\/p>\n<p>Saab sold only about 30,000 cars last year, a slight improvement on 2009.<\/p>\n<p>It hopes to sell about 80,000 this year, though the departure of Mr Jonsson will make this target harder to achieve, analysts said.<\/p>\n<p>&#8220;This is certainly a negative,&#8221; said Martin Crum at AEK.<\/p>\n<p>&#8220;He is a very experienced manager and it will be very difficult to find a proper replacement. It will make it more difficult than before.&#8221;<\/p>\n<p>Mr Muller said the focus should be on profits rather than volume.<\/p>\n<p>&#8220;We are constantly being confronted with sales targets, and this is logical because they&#8217;re easy to measure,&#8221; he said.<\/p>\n<p>&#8220;But I&#8217;d rather sell 50,000 cars and make a profit.&#8221;<\/p>\n<p>  <span>Sportscar division sold<\/span><\/p>\n<p>Spyker and its owner Mr Muller bought Saab last year from General Motors following major restructuring at the US car giant.<\/p>\n<p>Mr Muller insisted Saab is recovering and pointed to new models coming on stream soon.<\/p>\n<p>&#8220;The launch of new products, the real pivot in this business plan is the launch of the new 9-3 in October 2012. That&#8217;s the tipping point,&#8221; he said.<\/p>\n<p>&#8220;The company will have the widest and the newest product range the company has had in its entire 64 year history,&#8221; said Mr Muller.<\/p>\n<p>Last month, Spyker announced plans to sell its sportscar arm and focus instead on expanding Saab.<\/p>\n<p>It signed a provisional deal to sell the business to UK-based, Russian-owned, CPP Global Holdings for some 32m euros.<\/p>\n<\/p><\/div>\n<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/f525abf847_51839846.jpg-150x150.jpg\" \/><\/p>\n<p>See the original post:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.bbc.co.uk\/go\/rss\/int\/news\/-\/news\/business-12863223\" title=\"Saab chief goes as losses mount\" rel=\"noopener noreferrer\">Saab chief goes as losses mount<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 25 March 2011 Last updated at 13:05 ET Please turn on JavaScript. Media requires JavaScript to play. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-338704","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saab chief goes as losses mount - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/25\/saab-chief-goes-as-losses-mount\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Saab chief goes as losses mount - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"25 March 2011 Last updated at 13:05 ET Please turn on JavaScript. 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