STOCKHOLM (dpa) -- Saab posted a loss for 2007, but the carmaker reduced its losses compared to 2006, Swedish financial daily Dagens Industri reported Wednesday.
The Swedish-based carmaker sold some 125,000 cars in 2007, roughly 7,800 fewer cars than in 2006, the report said.
Saab's loss for 2007 was 2.2 billion kronor ($360 million) compared to a loss of 2.9 billion kronor ($474 million) in 2006, the daily reported, citing the group's annual report filed in Sweden.
Turnover, not including sales of spare parts, was 21.7 billion kronor ($3.55 billion), down from 24 billion kronor ($3.93 billion) in 2006.
Saab CEO Jan-Ake Jonsson said the group earned money on its sales in Europe but not in the U.S.
"I am satisfied that we managed to improve the result despite a drop in sales," Jonsson added, citing higher margins and cost-cuts.
Jonsson said Saab kept its aim to report a profit in 2009 or 2010, citing benefits from new models due to be launched.
Saab is owned by General Motors.