Saab set to join forces with BMW
Car manufacturers Saab and BMW are holding talks on a possible collaboration deal. Spijker, the Dutch owner of the Swedish motor firm, confirmed the move on Monday, but declined to give any details.
Spijker shares shot up by 25 percent on the Amsterdam stock exchange in response to the report that the two companies would be signing a technology agreement on Wednesday. According to Dutch news broadcaster NOS, the announcement was scheduled for this week to generate maximum publicity in the run up to the opening of the 2010 Paris Motor Show at the weekend.
The tiny Dutch luxury car company Spijker bought Saab at the beginning of this year from its US owner General Motors, which wanted rid of the ailing Swedish firm. Spijker says it expects Saab to be back in profit again in 2012 at the soonest.
Saab is to buy technology and parts from BMW, according to NOS, and the deal will mark the start of a long-term relationship. This summer there was already speculation that Saab would be working with BMW on the development of a new 9-2 model, based on the 1950s Saab 92.
© Radio Netherlands Worldwide