IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Friday, March 16, 2012

BMW and Magna deny interest in acquiring Saab

There have been rumors out there in the blogosphere that BMW of Germany would be interested in acquiring Saab. But these rumors are now being denied by BMW.

The rumor that BMW would be interested emerged back in early February, and just a few days later local Trollhättan newspaper TTELA made a phone call to BMW to inquire about the rumors.

When asked by TTELA if BMW had any interest in acquiring Saab, BMW said:

"That is presently not the case, but I need to ask my colleague in charge of matters relating to Saab," Markus Sagemann, head of communications at BMW said, and after checking with his colleague he continued saying "No, we have currently no such plans."

But some rumors die hard and yesterday BMW dismissed any interest for the second time when TTELA made another phone call:

"We have not changed our position on the issue," said Markus Sagemann.

Sagemenn did however add that they could not rule out interest in some specific parts of the bankruptcuy estate.

In addition to BMW, also Canadian Magna was been mentioned early in the process as a possible suitor of Saab. But also Magna now denies any interest in becoming a car manufacturer.

"We will not compete with our customers, the car manufacturers," said Tracy Fuerst of Magna.