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Old 05-09-2009, 02:36 AM   #1
AVANTI R5
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Default New Owner For Volvo "By June"




Quote:
Volvo could have a new owner by the end of June as Ford presses on with the sale of its Swedish subsidiary.
Ford is working with several potential buyers on the due diligence process, and if this goes smoothly the deal could be sealed within six weeks.

Reports that Volvo would be sold by the end of May are wide of the mark, according to a source with knowledge of the situation. “It’s too soon,” the insider told Autocar.

The number of buyers interested in Volvo has been reduced to less than five. None have been formally identified, although several are believed to be Chinese.

But both Geely and Chongqing Changan Auto, rumoured to be bidding for Volvo, have denied any interest in the company.

The source also told Autocar that buyers have toured Volvo’s factories and facilities in Sweden
http://www.autocar.co.uk/News/NewsAr...llCars/239988/
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Old 05-09-2009, 06:25 AM   #2
Spenk
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Gotta be the Chinese -- they're keenly aware of how important crash-testing is, and they'll put Volvo's know-how to good use.
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Old 05-10-2009, 01:52 AM   #3
Nacron
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Originally Posted by Spenk View Post
Gotta be the Chinese -- they're keenly aware of how important crash-testing is, and they'll put Volvo's know-how to good use.
Brilliance knows how important crash testing is:

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Old 05-10-2009, 10:24 AM   #4
Hazdaz
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Originally Posted by Spenk View Post
Gotta be the Chinese -- they're keenly aware of how important crash-testing is, and they'll put Volvo's know-how to good use.
If they were, their cars wouldn't fold up in a 10 mph crash test origami-style.

However I too think Volvo will go Chinese... or possible Indian.
Then again, with the way that Fiat has been talking, it might be going Italian.
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