Talks are ongoing between BMW AG and Saab over the possibility of sharing parts and technology for a new small car, according to a Bloomberg News report that cited two sources (of course, this is not new to 4WheelsNews readers as we already announced this possible partnership here).
Since the negotiations are private, the sources declined to be named. They said that a potential deal for BMW to supply the requirements of Saab for engines and transmissions and for Saab to use BMW's platform is in the early stages. They also said an announcement isn't likely to be made in the near future.
One source said about two months would have to pass before an agreement could be looming. The parts and platform would be used to produce a tear-drop shaped car, which is inspired by the Saab 92 model that was produced from 1949 to 1956.
The possibility of a partnership was reported first by Swedish newspaper Dagens Industri. For the last three months, Saab, which was bought by Spyker Cars NV from General Motors Co. last February, has been busy restarting production and cutting most of its GM ties.
In a Bloomberg interview with Spyker CEO Victor Muller, he said that Saab is negotiating with "various parties" about sharing technology in order to reduce costs.
Muller has yet to confirm whether talks are ongoing with BMW but Saab released an official statement, which says, "We indeed are looking for alliance partners but no cooperation with has been confirmed at this time." The statement also indicated that a smaller Saab below the 9-3 isn't mentioned in its business plan though "it would be on our wish list." [via autonews]