Loss-making Swedish car maker Saab should return to profit in 2012, new owner Spyker said on Monday.

The new business plan requires approximately $1bn in funding for Saab ‘in advance of the return to profitability, forecast to occur by 2012,’ Spyker said in a statement, which gives more details of the takeover deal.
From now on Saab will be ‘a stand-alone niche manufacturer with three to four model lines… for both the US and European markets. In addition, Saab will investigate the potential of adding a fourth smaller car line,’ Spyker said.
The Dutch luxury car maker last week agreed to pay GM $74m in cash and $326m in preference shares to buy Saab from General Motors.