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Poor Saab sales to result in GM Europe fourth quarter loss

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Continued losses at its struggling Swedish brand Saab are expected to drag General Motors's European operations into the red during the fourth quarter, a source close to the company told Reuters Thursday. Saab's problems, which analysts say stem from poor brand positioning and an uninspiring product range, overshadow improvements at GM's German unit Opel, bolstered by restructuring effects and strong sales of popular models such as the Astra compact and the Zafira minivan. For the first nine months the European division reported an adjusted net loss of $216 million (126 million pounds).

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