SWEDEN: Automaker eyes are on Saab - CEO
Several as yet unnamed companies are interested in snapping up Saab if General Motors decides to sell.
"There are many interested parties. I don't want to mention any specific names but there are many (interested) companies that work with development and support car production, both in Europe and outside of Europe," Saab CEO Jan Aake Jonsson told Swedish public radio today (3 December).
"There are many different alternatives and I don't want to go into specifics but it's obvious the discussions we have had so far have been with companies within the automobile industry," he added, according to Agence France-Presse (AFP).
GM's restructuring plan submitted to the US Congress yesterday said it was reviewing the future of Saturn and Saab in its brand roster and would "immediately undertake a global strategic review of the Saab brand".
BMW, Renault and Tata Motors have been reported as potential buyers.
Ford said this week it was considering selling Sweden's other car maker, Volvo. It earlier this year sold Aston Martin, Jaguar and Land Rover which, with Lincoln and Volvo, once made up the California-based Premier Automotive Group (PAG) established early this decade under former CEO Jac Nasser's tenure.