Home / China News / News detail

Geely Auto says it won't bid for Saab, Volvo

From Reuters| May 08 , 2009 09:14 BJT

China's Geely Automobile Holdings said it has no intention to bid for automakers Volvo or Saab, according to a Hong Kong stock exchange filing on Thursday.

"The company has not submitted, and has no plans to submit, any bids concerning the takeovers of Volvo or Saab as stated in recent press articles," Geely said in its filing.

Geely issued the filing in response to a 13.6 percent surge in its Hong Kong share price on Thursday.

The Chinese automaker has been speculated as a potential bidder for General Motors' Swedish unit Saab as well as for Ford Motors' Volvo cars unit.

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com

1: Major new car launches in Dec.: NIO ET9, Lynk & Co Z20, and more

2: Rockchip, BlackBerry QNX team up to build advanced digital cockpit platform

3: China's passenger car wholesales reach record high in Nov. 2024

4: China Unicom, Huawei co-launch China's first 5G-A V2X innovation base