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Rumor Control Posted by Ian Glenday [Email] (#95) [Profile/Gallery] (more from Ian Glenday) on Thu, 24 Feb 2005 17:55:08 In Reply to: Saab, GM Deny Reports About Possible Sale, extraextrareadallaboutit, Thu, 24 Feb 2005 05:50:40 Members do not see ads below this line. - Help Keep This Site Online - Signup |
When corporations are trying to do such deals, they WILL NOT comment on them one way or the other. The fact that GM, Saab and Renault are so strongly denying this speaks volumes. The Swedish government on the other hand is very concerned about GM's plans. Perhaps they are working a bale out plan ;)
The following was also in the WSJ Online:
Saab Angrily Denies Reports GM Planning To Sell Co
DOW JONES NEWSWIRES
February 24, 2005 8:28 a.m.
STOCKHOLM (AP)--Saab Automobile AB (SAAB-B.SK), owned by General Motors Corp. (GM), angrily denied a newspaper report Thursday that said the carmaker was looking to sell the Saab brand.
Swedish financial newspaper Dagens Industri, citing unidentified sources, reported that Saab was being shopped around by its parent GM to possible buyers in China and France's Renault SA (13190.FR).
Saab's Chief Executive Peter Augustsson, who is also a board member of GM Europe, denied the report.
"These are unreliable speculations," he told Swedish public radio. "GM stands behind Saab all the way."
Saab spokesman Christer Nilsson called the report "one of the coarsest speculations we've heard and it goes in a completely wrong direction."
"The fact is that GM's management has expressed strong support for Saab as a brand and also attaches great importance to having Saab as part of its production portfolio," he said.
Saab's automobile division was sold to GM in 2000.
_______________________________________ Ian 1959 93b 1967 96V4 1968 99 1974 99L 1988 900S 1988 900 1994 900S 1996 900S 1999 9-5SE, 2.3lpt 1995 9000 CSE 2006 9-3SC, 2.0T
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