Fiat and Geely bid for Saab

A report in a Swedish newspaper has revealed the three main bidders seeking to buy Saab from GM as Fiat, Geely and an unnamed German bank.

The Goteborgs Tidning newspaper also suggested that GM boss Fritz Henderson has already dismissed Chinese car maker Geely’s bid for Saab for fear of Chinese-market competition for the luxury Buick brand.

Neither Saab nor GM will officially confirm the list of bidders. Geely has officially denied any plans to bid for Saab, although representatives of Geely have reportedly visited Saab's Trollhattan headquarters.