• Feb 2, 2009
At this point, Ford's sale of Volvo appears imminent. The only question now is who wants to take the Swedish automaker off the Blue Oval's hands. Last week we told you of a possible sale as early as mid-February, and now Reuters is reporting that the buyer could be Renault. The two automakers allegedly got together in the fall to discuss the outright purchase of Volvo and now, the two have apparently resumed talks.
Volvo and Renault almost combined back in 1993, but management and stockholders at the Swedish automaker were against the merger. Fast forward to 2009, and Volvo is coming off a $1.5 billion loss for 2008, and Ford is draining cash by the bucket. Renault could find a bargain-basement Volvo as a nice fit, considering that it just recently canceled plans to produce a new large car. Volvo's Ford-based large car lineup could slot nicely in Renault's offerings, saving big Euros on development. Some are speculating that Renault, which owns 44% of Nissan, would have Volvo all to itself, though we're sure some sharing between the three automakers is bound to happen if the deal goes down.

[Source: AutoCar]


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    • 1 Second Ago
  • 29 Comments
      • 5 Years Ago
      Sounds like a good match to me.
        • 5 Years Ago
        Anything constructive to add on topic? Or are you just spamming your pocket protector web-site again?
      • 5 Years Ago
      Renault hasn't even come close to tapping the full benefits of owning a piece of Nissan. It makes me ill to see how much they are pissing away.

      If they do this they would be fools...but it is much better than the Chinese owning Volvo.
      • 5 Years Ago

      Well Renault already has a premium brand Infiniti. So Infiniti could be the RWD luxury brand and Volvo could be FWD luxury. They will nicely complement each other.
      • 5 Years Ago

      Yes! Yes! Hope Renault buys Volvo instead of an Chinese auto maker.
      • 5 Years Ago
      In my opinion, this is a win-win situation. Ford will sell Volvo and get the money and Volvo will be with Renault, a very reputable company. Cheers!
      • 5 Years Ago
      I hope Goshn make it Volvo and not Renault-Volvo...if you understand what I mean...
        • 5 Years Ago
        @ ken_aisin

        > Who knows what these Chinese auto makers would do to Volvo if they had bought Volvo from Ford....

        Most likely "Fire everyone and move the whole plant to China".
      • 5 Years Ago
      Actually, it seems like a fairly reasonable pairing. Does Renault really have the cash for another major acquisition?
      • 5 Years Ago
      Can you imagine an XC60 with the VQ engine? And a C30 AWD with a QR turbo engine? This may work after all.
      • 5 Years Ago
      ShangHai-Volvo is a lot better than TATA-LandRover or TATA-Jaguar. At least Shanghai is only 2 spots behind New York as one of the most expansive cities to live in the world. Of course I prefer a French take over much more. Why can't Ford just sell Ford off? Then buy more shares in Mazda and Volvo.......only 2 divisions that actually make good looking cars.
        • 5 Years Ago
        Ken,

        "ShangHai-Volvo is a lot better than TATA-LandRover or TATA-Jaguar. At least Shanghai is only 2 spots behind New York as one of the most expansive cities to live in the world."

        Whats the point of all this?...senseless
        • 5 Years Ago
        You done?

        What does the size of the city have to do with building good cars?
      • 5 Years Ago
      Just a wild and crazy thought. GM and Ford team up for a 1 time garage sale and offer Saab, Hummer and Volvo up as a package deal. Split the procedes and move on.
      • 5 Years Ago
      No, no, no. What happened to BMW. They should buy Volvo. Granted I'd still rather see Renault buy Volvo than some Chinese company.
      • 5 Years Ago
      Put the 370Z's 3.7 V6 into the V70, and we have a deal :)
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