There were rumors yesterday that Geely was interested in buying SAAB. But they were initially dismissed. Now things look a little different according to one website.
Could this be true?
“And Geely is probably the reason the Government now is ready to act. Trollhättan newspaper TTELA today confirms from its sources that Geely is in fact interested in buying Saab. And they want the whole company, which would mean that the brand Saab would live on. Volvo is in need of more engineers and the Swedish automotive supplier industry is in need of both Saab and Volvo. In addition, Saab has top competence in several areas, and Geely believes that the collected competence will strengthen both companies. The Swedish Government knows Geely and has seen that with the support from Geely, Volvo has flourished. And should thus be positive.”