• Jan 26th 2009 at 4:39PM
  • 24
Emerging reports indicate that Ford is moving ahead with the sale of Volvo Cars with a determined push to find a new buyer around the middle of February. Although it's undoubtedly a bad time to be selling, Ford needs the cash on hand and a streamlined corporate structure in order to weather the current storm without going into debt.
As was previously suggested, Chinese automakers – including Shanghai (SAIC), Chery and Guangzhou – are looking like the most likely buyers for the Swedish automaker. Although details have not been made public over which prospective buyers Ford is approaching, industry analysts note that most European automakers would have an issue with overlap, while Indian auto giant Tata has enough on its plate with Jaguar and Land Rover.

[Source: Detroit News]

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    • 1 Second Ago
      • 6 Years Ago
      What about Hyundai? They have proven with the Genesis the capabilities to build luxury cars.
      • 6 Years Ago
      Sweden should hold on to this Excellent Brand, forget China, nobody will want to buy a Chinese Volvo, especially their present customers, China will just rob the Engineering and leave it for dead.

      Ford should have never been allowed to buy Volvo.

      Its all about Greed. Rape a company and sell it off as scrap.
      • 6 Years Ago
      Could Tata be interested?
        • 6 Years Ago
        Maybe if the world economy was a bit different.
        TATA's operations in it's home country haven't taken much of a hit, but the Jaguar and LR brands need them to invest considerably, and consistently, over a period of time to get them over the water.
        They still can if they want to, but it just doesn't make sense right now.

        Obviously, i'd rather see Volvo go to them, they seem to be doing nothing but good with Jag.
      • 6 Years Ago
      Sell Volvo to the Chinese? Isn't that like the Romans salting Carthage before leaving it?..
        • 6 Years Ago
        I dont thinks so if ford is Rome then Volvo initially did better because of roman influence, Carthage was only sacked because Hannibal invaded Rome.
      • 6 Years Ago
      Too bad, Volvo has been a good company. I've owned them for years and they are great to drive and last forever. Hopefully they can maintain quality under a Chinese brand.
      • 6 Years Ago

      Wish BMW would buy them. Volvo's FWD lineup would nicely complement BMW's RWD lineup. BMW will be the sporty brand Volvo the plush brand.
      • 6 Years Ago
      We should tell all car companies to go back to their own respective sand boxes. Give SAAB and Volvo back to the Swedes, Land Rover, Jaguar, Mini, MG etc back to the Brits, G.M back to the Canadians. You get the picture. Car companies buying other car companies hasn't worked what so ever. It has amalgamated all the cars in the world into a nasty blob of mediocrity.

      All except Citroen and BMW.
      • 6 Years Ago
      The Chinese will not or for that matter CANNOT purchase Volvo without the Swedish government giving it's permission and that is NOT going to happen. Ford's purchase of Volvo had many strings attached and those strings are still attached.
      What will happen is that a buyout group, possibly including BMW, Volvo AB (sure, publicly they say otherwise, but the gov't may force their hand) and private equity, with backing of the government will be formed. I expect Ford to keep a 30% stake for engineering and platform development purposes.
      • 6 Years Ago
      Volvo has lost its way.

      This parting will be better for both Ford and Volvo.

      Unless, of course, Volvo is sold to a Chinese firm.
      • 6 Years Ago
      Sweden is a Socialist country. Don't expect any miracles from it.
      Nobody wants to study and work there anymore.

      Of 4 million people at the working age, 1 million don't work and live on welfare. Other 2 million work for the government.
        • 6 Years Ago
        That ratio then still sucks, although it's not as bad as the previous posters numbers.
        • 6 Years Ago
        You might want to tell our conservative goverment that they are socialists. And your numbers are wrong, 1 500 353 people work within the goverment, public sector or other state owned enterprises. We are Swedish, we know our statistics.

        2 476 645 people work for privately owned enterprises.

      • 6 Years Ago
      If Ford will do that it is ready to go down. The Volvo palette is PERFECTLY aligned to the European Ford models. Only the leaving S60 and the XC90 does not have a Ford basis. So volvo will not survive a minute wihtout Ford technology. As much as Ford will suffer as well, as fewer car use their technological platform. Its simple economies of scale... Not to mention handong over valuable technology to a competitor. Imagine what would have happened if Ford would have sold its right arm to the japanese in the 80's... That is just plain stupid, If a new president wil allow this he will be responsible for ruining its own car industry...
      • 6 Years Ago
      Volvo+Aston Martin = Löv

      Oh wait, Löv means leaves so maybe not...
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