Following reports of Fiat’s CEO Sergio Marchionne and his initiatives to create a new company consisting of the Italian automaker’s stake in Chrysler and a potential majority stake in GM Europe, Saab said today that it is not talking to Fiat about a takeover.
Saab chief executive Jan-Ake Jonsson told a Swedish newspaper that the GM brand is not talking to Fiat and that there are other serious buyers for Saab with a potential sale early this year. Saab spokesman Eric Geers confirmed Jonsson’s comments and said that Fiat was not among the 10 potential buyers that have shown interest in purchasing the Swedish brand.
“We now have 10 very serious interested parties which have visited us in Trollhattan,” Geers said in an interview with Reuters. “What will happen now … we will narrow these down, and we are counting on a close (of a deal) in June, or the beginning of summer.”
– By: Kap Shah