Wednesday, May 13, 2009
Three bidders for SAAB
Fiat, Geely and an unnamed German bank are reportedly the three bidders most likely to buy Saab, according to a GM source.
A Swedish newspaper also suggested that GM boss Fritz Henderson has already dismissed Chinese car maker Geely’s bid for Saab for fear of Chinese-market competition for the luxury Buick brand.
Neither Saab nor GM will officially confirm the list of bidders.
Geely has officially denied any plans to bid for Saab, although representatives of Geely have reportedly visited Saab’s Trollhattan headquarters.
DATED: 13.05.09
FEED: AM
