Not keeping it in the family: Volvo AB not interested in buying Volvo cars
The rumor that Volvo AB, a Swedish truck maker, might be interested in purchasing its car-based namesake has officially been quashed. The firm's CEO, Leif Johansson, admitted that his company is "concerned and interested in what happens to Volvo cars," but the firm doesn't have the capitol nor the intention of buying the brand. Pity really, since Johansson wouldn't even need to get the company business cards changed if he did decide to absorb Volvo cars.
[Source: Detroit News]
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