Swedish Speculation? Volvo Refutes Rumors About Talks with Saab

Reports from Sweden earlier this week suggested Volvo and Saab are in talks on producing a new model together. A spokesmen from Volvo stated the reports were false and there are no such plans.

Swedish business newspaper Dagens Industri reported earlier this week that Volvo was in talks with Saab to create a new model for the two automakers. The rumor was quickly denied by Volvo. Saab, however, implied there were indeed talks on some level.

"There are absolutely no discussions and have never been any discussions on the executive level at Volvo to cooperate around product development with Saab," Volvo spokesman Olle Axelson told Reuters. "Our priority number one is China." Axelson went on further to say that Volvo was always open to discussions with other automakers, but it had yet to conduct such talks with its Swedish neighbor.

"There are talks on various levels, but I'm not aware of whether talks are on a product level," said Saab spokesman Dick Braakhekke. "It's too early to say whether Saab and Volvo would work on a new car." Saab, too, is in talks with other manufacturers, he told Reuters.

Within the last year, both Saab and Volvo have both been acquired by new companies and are undoubtedly looking for strategic ways to reduce costs and improve sales. Last week, Saab inked a deal with BMW to supply the Swedish automaker with four-cylinder engines for an upcoming model, possibly the revived 92. Volvo is also considering integrating a new model or two into its range, helping it to better compete with the German luxury brands. One of the models it is reportedly considering is a compact sedan, close in size to the BMW 1 Series.

Source: Reuters

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