GM Denies Saab for Sale
Saab Automobile, which is owned by General Motors, angrily denied a newspaper report Thursday that said the carmaker was looking to sell the Saab brand, calling it one ”of the coarsest speculations” it had heard.
Citing anonymous sources, the daily financial newspaper Dagens Industri reported that GM was looking to sell Saab to possible buyers in China and France.
Saab’s chief executive, Peter Augustsson, and a board member of GM Europe, denied the report. He told Swedish Radio that ”these are unreliable speculations. GM stands behind Saab all the way.”
He added that ”Saab is here today and manufactures good products. We will be here in the future and make even better products.”
Saab spokesman Christer Nilsson called the report ”one of the coarsest speculations we’ve heard and it goes in a completely wrong direction.”