Saab said on Thursday it was too early to talk about a possible co-operation with Volvo Cars about developing a new model, scotching reported interest from its home turf rival.

Swedish business daily Dagens Industri had reported earlier that Volvo Cars, recently bought by China’s Zhejiang Geely, was interested in cooperating with Saab in soft-top model cars, Reuters noted.

The newspaper had cited Volvo spokesman Olle Axelson, who later told the news agency that Volvo had had no actual discussions with Saab over product development, though the firm was always open to discussions with other car makers.

“Our priority number one … is China operations right now,” Axelson said. “There are absolutely no discussions and have never been any discussions on the executive level at Volvo to cooperate around product development with Saab.”

Saab Nederland spokesman Dick Braakhekke said it was too early to talk about whether Saab and Volvo Cars would work on a new model together.

“There are talks on various levels, but I’m not aware of whether talks are on a product level. It’s too early to say whether Saab and Volvo would work on a new car,” he said.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Braakhekke also said Saab was in talks with Volvo Cars about parts delivery and the pick-up of cars at the factory. Saab was also talking to other manufacturers, he added.