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Saab denies it is talking to Fiat

Jarfalla -- Saab Chief Executive Officer Jan Ake Jonsson said the struggling Swedish automaker was not talking with Italy's Fiat about a possible takeover.

"It was the head of Fiat who put two and two together and turned it into four, but that's nothing I want to speculate about. We aren't holding any discussions with Fiat," said Jonsson, the Swedish news agency Tidningarnas Telegrambyra reported Tuesday.

On Monday, Fiat CEO Sergio Marchionne said the Italian company was pursing a goal creating one company out of Fiat, General Motors Corp.'s European operations Chrysler LLC in the United States, Alfa Romeo in Italy and Saab in Sweden.

Johnson said about 10 buyers have expressed an interest in buying Saab, but that Fiat was not one of them.

He would not name the perspective buyers, saying Saab was "expecting an indication of their interest this week.

Copyright 2009 by United Press International.

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