What's The Best Place For Your Teen To Learn How...

Saab open to Fiat takeover

 
4 2,306 views May 6, 2009

The Swedish government has confirmed that it has been in contact with Fiat regarding Saab

The Swedish government has confirmed that it has been in contact with Fiat regarding Saab

Enlarge Photo
The last thing we heard about Saab was that the struggling General Motors division had up to 20 interested buyers and a May 20 deadline to restructure under the guidance of Swedish courts. Now it’s been revealed that Saab is open to talks with Fiat, which is currently eyeing a takeover of GM’s European units – namely Opel and Saab.

The information was revealed by Saab spokesman Eric Geers, who told Reuters that Fiat is yet to approach Saab but his company remains open for discussions. “If Fiat comes into the picture, we would welcome a dialogue," he said.

Sweden's government, however, confirmed it has been in contact with Fiat regarding Saab but would not disclose any details.

Fiat CEO Sergio Marchionne, meanwhile, has also confirmed an interest in GM’s European operations and previously expressed his desire to form a new company integrating Fiat’s auto divisions with a restructured Chrysler plus Opel and Saab.

As previously mentioned, Saab has up to 20 potential suitors interested in it, and these are rumored to include a Chinese carmaker, several private equity firms and representatives of retired Swedish workers.



Tags:
Posted in:
 
Contribute
Send us a tip Comment Contact the editor
Follow Us

 

Have an opinion?Join the conversation!

  • Posting indicates you have read this site's Privacy Policy and Terms of Use
  • Notify me when there are more comments
Comments (4)

  1. ma_JSH avatar JSH Posted: 12/4/2008 8:33am PST

    More evidence that GM still isn't living in reality. GM cannot survive with 8 brands. Even their plan put forward to congress is too brand heavy at 5. (Chevy, Cadillac) + (Buick, Pontiac, GMC)
     
    Post Reply
    Vote
    Bad stuff?

  2. ma_NoNameDenton avatar NoNameDenton Posted: 12/4/2008 2:09pm PST

    Saab should either have cars that are more Saab like or it should go away
     
    Post Reply
    Vote
    Bad stuff?

  3. ma_54chevyman avatar 54chevyman Posted: 5/6/2009 5:55am PDT

    Saabs are too expensive for the US market, but nice cars! Bye Bye! Opel however is a different story keep it!
     
    Post Reply
    Vote
    Bad stuff?

  4. ma_TrelinDTR avatar TrelinDTR Posted: 5/6/2009 7:18am PDT

    Fiat must be doing damn well to be constantly in the news trying to eat up all these companies...
     
    Post Reply
    Vote
    Bad stuff?

 

Have an opinion?Join the conversation!

Connect with Facebook

Motor Authority. Now with your friends.

Discover stories your friends read.
Share stories more easily.
You control what you share.
Learn more

Research New Cars

Go!


More from High Gear Media

 
 
MotorAuthority
  • Follow Us
  • Twiiter
  • Facebook
 
 
© 2011 MotorAuthority. All Rights Reserved. MotorAuthority is published by High Gear Media. Stock photography by Homestar, LLC. Send us feedback.