Geely to buy Saab and Volvo?

Unnamed sources from Wall Street reported that Geely is bidding to buy Saab, a GM sub-company.

The report also reviled that Geely bidded  to acquire Ford’s Volvo a couple weeks ago.

However, Geely said that their don’t  plan to acquire Saab or Volvo. Very confused!

Tags: Geely, Saab, Volvo More posts from Geely:

» Geely Auto to launch Shanghai Englon TX4 in June

» Geely's high-end SUV will be produced in 2010

» Geely acquired Australian parts supplier DSI yesterday

» Geely and Dongfeng denied bidding for GM Saab

» Geely to bid for Volvo

» Government push automakers to buy overseas rivals?

» Geely Panda: World's smallest car?

» Spy Photo: Geely SL-1, looks like Mercades Benz C class?

» Geely to launch 4 new cars in 2009

» Geely SUV: Geely NL to produce this year