GM's Saab says no in talks with Fiat

STOCKHOLM (Reuters) - Saab Automobile, the Swedish unit of struggling U.S. carmaker General Motors (GM.N), said on Tuesday it was not in talks with Italian peer Fiat SpA (FIA.MI) about a takeover.

A spokesman confirmed comments by Saab chief executive Jan-Ake Jonsson in a Swedish newspaper where he said the carmaker was not talking to Fiat and there were other serious buyers for Saab which was put up for sale earlier this year.

Saab spokesman Eric Geers said Fiat was not among the 10 remaining potential suitors, which have visited Saab's facilities over the past couple of weeks.

"We now have 10 very serious interested parties which have visited us in Trollhattan," Geers told 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."
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Stuttgart001 - 5/6/2009 2:39:48 AM

0 Boost

Saab makes decent cars but has a small target market.

Everyone is trying to put the junk brands with Fiat.

inspirion7 - 5/6/2009 9:32:05 AM

+1 Boost

"Everyone is trying to put the junk brands with Fiat". Fiat came to SAAB, not the other way around.