Geely and Dongfeng denied bidding for GM Saab

Geely and Dongfeng said on Wednesday that they have not held any talks over a possible bid for General Motors’ Saab brand, reported by Reuters.

A Dongfeng spokesman added he was unaware of any interest by his company in bidding for the Saab brand. And a senior Geely executive, when asked about his company’s possible acquisition of Saab or other brands, told reporters: “No, we did not. We’re not interested in Saab or the other brands out there.”

Sources with direct knowledge of the process told Reuters on Tuesday that the Saab brand of GM had received interest from several potential bidders, including Geely and Dongfeng.

Media reports have also said Geely was in preliminary talks with Ford Motor about the sale of the U.S. automaker’s Volvo car unit, although a Geely spokesman said yesterday they had no plans to buy Volvo.

So are Geely after Volvo, or is it SAAB today, or perhaps both?

source: Reuters