GM's Saab says not in talks with Fiat

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STOCKHOLM | Tue May 5, 2009 9:50am BST

STOCKHOLM (Reuters) - Saab Automobile, the Swedish unit of struggling U.S. carmaker General Motors (GM.N), said on Tuesday it was not in talks with Italian peer Fiat SpA (FIA.MI) about a takeover.

A spokesman confirmed comments by Saab chief executive Jan-Ake Jonsson in a Swedish newspaper where he said the carmaker was not talking to Fiat and there were other serious buyers for Saab which was put up for sale earlier this year.

Saab spokesman Eric Geers said Fiat was not among the 10 remaining potential suitors, which have visited Saab's facilities over the past couple of weeks.

"We now have 10 very serious interested parties which have visited us in Trollhattan," Geers told Reuters. "What will happen now ... we will narrow these down, and we are counting on a close (of a deal) in June, or the beginning of summer."

Fiat, fresh from a partnership with U.S. carmaker Chrysler, said on Sunday it would also evaluate a merger of its auto group with GM's European unit.

The Financial Times reported on Tuesday Fiat aims to include Saab, currently under reorganisation, into the new car group.

The Swedish government said on Monday it had contact with Fiat regarding Saab a couple of weeks ago, but that nothing concrete had been decided.

(Reporting by Victoria Klesty; Editing by Dan Lalor)

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