• Sweden's news in English

Saab CEO denies Fiat merger rumours

TT/The Local · 5 May 2009, 10:53

Published: 05 May 2009 10:53 GMT+02:00

Facebook Twitter Google+ reddit

According to Saab CEO Jan Åke Jonsson, there are a number of serious bidders for Saab Automobile, but Fiat isn’t among those currently in discussions with the struggling Swedish carmaker.

“It was the head of Fiat who put two and two together and turned it into four, but that’s nothing I want to speculate about. We aren’t holding any discussions with Fiat,” Jonsson told the Södermanlands Nyheter newspaper on Monday night.

Fiat-head Sergio Marchionne on Monday announced plans to create a new European auto giant by combining Fiat, US-based Chrysler, and Alfa Romeo with the General Motors European brands Opel, Vauxhall, and Saab.

Eventually, the combined company would be spun off from the rest of the Fiat industrial conglomerate and listed as a stand-alone car company.

Jonsson added that around ten interested buyers have visited Saab’s Trollhättan headquarters in western Sweden, although he refrained from naming any of Saab’s suitors.

“We’re expecting an indication of their interest this week,” he said.

Marchionne traveled to Berlin on Monday to discuss Fiat's plans for Opel with the German finance minister Karl-Theodor zu Guttenberg and foreign minister Frank-Walter Steinmeier.

"From a technical and industrial point of view this is a marriage made in heaven," he said of the plans to merge with Opel.

Story continues below…

The state secretary at Sweden’s industry ministry in charge of managing the government’s response to the auto industry crisis, Jöran Hägglund, confirmed Monday that Fiat had made contact with the Swedish government, but declined to elaborate.

“The Swedish government has also had contact with Fiat. But overall we don’t have much more to say right now,” Hägglund told the TT news agency.

TT/The Local (news@thelocal.se)

Facebook Twitter Google+ reddit

Your comments about this article

12:18 May 5, 2009 by Gower76
“It was the head of Fiat who put two and two together and turned it into four, but that's nothing I want to speculate about."

Two and two is four, so it sounds like the head of Fiat has his head screwed on.

If the head of Saab thinks otherwise, then perhaps that explains Saab's dreadful financial performance over the last few years.
14:59 May 5, 2009 by zaq
The truth is that nobody wants Saab from Sweet Eden.
01:08 May 9, 2009 by bira
Go with Fiat and at least keep the Chinese, who have no reason to keep the business in Europe, away.
Today's headlines
Injured Swedish photographer protected by 'guardian angel'
Swedish photographer Paul Hansen on another occasion. Photo: Fredrik Sandberg/TT

Photographer Paul Hansen thanked his lucky stars for surviving sniper fire while covering the battle for the Isis-held city of Mosul in Iraq.

How Sweden is trying to smooth relations with Saudis
Swedish Prime Minister Stefan Löfven meeting Saudi Arabia's Trade Minister Majid bin Abdullah Al Qasabi. Photo: Henrik Montgomery/TT

Sweden's Prime Minister Stefan Löfven has visited Saudi Arabia a year and a half after relations turned frosty in a major diplomatic row.

My Swedish Career
'Swedish people love it, but they find it quite odd'
Scottish entrepreneur William Macdonald. Photo: Michael Campanella

Meet the web developer and entrepreneur using traditional Scottish ceilidh dancing to break the ice with Swedes.

Swedish photographer shot near Mosul
Hansen was being operated on in the Iraqi city of Erbil on Sunday. Photo: Nora Lorek/ TT

Paul Hansen, a photographer working for Swedish daily Dagens Nyheter, has sustained light injuries after being hit by what appears to be a sniper while covering the battle for the Isis-held city of Mosul in Iraq.

Trollhättan remembers school attack victims
'It was an attack on all of Sweden,' Education Minister Gustav Fridolin said. Photo: Thomas Johansson/ TT

Hundreds of people on Saturday turned out for a torchlight procession in the small town of Trollhättan in southwestern Sweden to honour the victims of last year’s deadly school attack there.

Sweden wants emission- free cars in EU by 2030
Photo: Jessica Gow/ TT

Sweden's environment minister on Saturday urged the European Union to ban petrol and diesel-powered vehicles from 2030.

Hundreds protest Swedish asylum laws
Around 1,000 people protested in Stockholm. Photo: Fredrik Persson/ TT

Hundreds of people on Saturday demonstrated in Stockholm and in many other parts of the country to protest Sweden’s tough new laws on asylum-seekers.

Swedish terror suspect ‘planned airport attack’
Swedish terror suspect Osama Krayem. Photo: Facebook

Swedish national Osama Krayem, linked to the deadly attacks in Paris on November 13 and in Brussels on March 22, is now suspected of having plotted to attack also the Schiphol airport in the Netherlands.

Dylan removes Nobel-mention from website
The American musician has more or less responded to the news with silence. Photo: Per Wahlberg

American singer-song writer Bob Dylan has removed any mention of him being named one of this year’s Nobel Prize laureates on his official website.

Refugee crisis
Asylum requests in Sweden down by 70 percent
Sweden's migration minister Morgan Johansson. Photo: Christine Olsson/TT

Sweden received 70 percent fewer requests for asylum in the period between January and September 2016 than it did during the same time last year, the country’s justice and migration minister Morgan Johansson has revealed.

Sponsored Article
This is Malmö: Football capital of Sweden
People-watching: October 21st-23rd
Sponsored Article
Where is the Swedish music industry heading?
Fury at plans that 'threaten the IB's survival' in Sweden
Here's where it could snow in central Sweden this weekend
Blog updates

6 October

10 useful hjälpverb (The Swedish Teacher) »

"Hej! I think the so-called “hjalpverb” (auxiliary verbs in English) are a good way to get…" READ »


8 July

Editor’s blog, July 8th (The Local Sweden) »

"Hej readers, It has, as always, been a bizarre, serious and hilarious week in Sweden. You…" READ »

Sponsored Article
Why you should 'grab a chair' on Stockholm's tech scene
Analysis & Opinion
Are we just going to let half the country die?
Sponsored Article
Stockholm: creating solutions to global challenges
Angry elk chases Swede up a lamp post
The Local Voices
'Alienation in Sweden feels better: I find myself a stranger among scores of aliens'
People-watching: October 20th
Sponsored Article
Swedish for programmers: 'It changed my life'
The Local Voices
A layover at Qatar airport brought this Swedish-Kenyan couple together - now they're heading for marriage
Sponsored Article
Top 7 tips to help you learn Swedish
Swede punches clown that scared his grandmother
Fans throw flares and enter pitch in Swedish football riot
Sponsored Article
‘Extremism can't be defeated on the battlefield alone’
Could Swedish blood test solve 'Making a Murderer'?
Sponsored Article
Stockholm: creating solutions to global challenges
Property of the week: Linnéstaden, Gothenburg
Swedish school to build gender neutral changing room
Sponsored Article
Why you should 'grab a chair' on Stockholm's tech scene
People-watching: October 14th-16th
Sponsored Article
Where is the Swedish music industry heading?
Man in Sweden assaulted by clowns with broken bottle
Sponsored Article
Last chance to vote absentee in the US elections
Nobel Prize 2016: Literature
Watch the man who discovered Bob Dylan react to his Nobel Prize win
Record numbers emigrating from Sweden
People-watching: October 12th
The Local Voices
'Swedish startups should embrace newcomers' talents - there's nothing to fear'
How far right are the Sweden Democrats?
Property of the week: Triangeln, Malmö
Sweden unveils Europe's first elk hut
People-watching: October 7th-9th
The Local Voices
Syria's White Helmets: The Nobel Peace Prize would have meant a lot, but pulling a child from rubble is the greatest reward
Missing rune stone turns up in Sweden
jobs available