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See you in Shanghai - click above for high-res image gallery

With all the Saab hullabaloo clogging up the virtual pipes as of late seems that folks have been neglecting the fate of the other fancy Swedish brand purchased by a pipe-dreamin', pie in the sky American car maker whose coffers were overflowing with SUV money. That's right, Ford purchased Volvo in 1999 for $6.45 billion dollars. Many scratched their heads at the time, as Mercury and/or Lincoln certainly could have used a $6 billion infusion. Also, both Mercury and Lincoln compete with Volvo, on paper at least. But, just like General Motors purchased Saab, Ford had their Swedish brand.

In retrospect, probably not the best idea ever hatched.

Proof? Rumor has it that Ford is inking in the details of a sale of Volvo to China's Geely Holding Group Co. for $1.8 billion by February 8. That's a nearly $4.7 billion bath on Ford's part in just eleven years. But here's the thing: according to the same rumor, Ford might let Volvo go to Geely for as little as $1.6 billion. There's a bunch of legal mumbo jumbo still to be worked out (this agreement runs out after one year, that regulatory board must approve X in a timely fashion) but it's looking more and more that Volvo is about to become a Chinese company. We'll keep you posted.

[Source: Trading Markets]

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    • 1 Second Ago
      • 5 Years Ago
      nice... this is really stupid and show how much a company cares about fundamentals... is all dollars... why cant people get it...
      • 5 Years Ago
      Capatilism guys. With all the products pass products and product in the pipeline despite what we thing look's great, Volvo has never made profit for Ford and dosn't seam like they will. By the way Ford is working to get a bigger footprint in the Chineese market. Who knows what in this deal

      And by the way Volvo no longer has any break through technology in safety that no other manufacturer has so that PR stuff which is no longer helping sales.
        • 5 Years Ago
        "Volvo has never made profit for Ford and dosn't seam like they will."

        That's true, if you exclude all the work Volvo engineers did building the Volvo P2 / Ford D3 platform in the mid-90s, which was re-engineered with Mazda into the C1 platform, which itself was then re-merged with D3 to create the EUCD platform. Direct descendants of the Volvo P2 lineage - Ford D4 and EUCD2. The Ford D3 line is still in use, too, though they're moving to the D4.

        In essence, four instrumental platforms, out of which you get such cars as the new Taurus, the new Explorer, Euro focus, Mondeo (not sold in US), and the future Fusion/Mondeo, were built using Volvo's platform technology.

        Since Mulally's big thing is global platform unity, and the Volvo-derived platforms are the most flexible, it makes sense to keep that IP in-house.
      • 5 Years Ago
      I don't think there is a need for Volvo anymore, Ford already sucked about all the technology they could ever need on Ford cars...It's time to pass the torch and let China in on the technology they crave to truly make their home bread cars competitive in the world...The way I see it Ford is already ahead of the game and this is going to really hurt Fords competition which will be a win/win for Ford...
        • 5 Years Ago
        I suggest you have a look on what Volvo is offering. Its stuff that Ford has not even introduced yet. It is not Ford sucking out tech, instead Ford is is sharing every component, but introducing all in Volvos BEFORE the European Ford counterparts. S40 preceeded Focus II, like the S80 the S-max, and as it seems, the S60 was presented before the Focus III. Dual clutch transmission, latest Ecoboost turbo engines, plus the pretty up-to-date D5 twin turbo diesels that are not even introduced in Fords. Volvo IS a match for Audis, except for A8, A5GT, TT R8, and maybe Q7.
        • 5 Years Ago
        I don't believe Volvo is anywhere near as upscale as Audi. Interior-wise there's no comparison. A modern day Honda has a more upscale interior than the crap Volvo is pumping out. And Volvo doesn't have one performance vehicle to compete with Audi's R-line. Completely different types of cars.

        As far as fun/safe/sporty in an affordable package, as long as there's Subaru, I don't see what niche Volvo is trying to fill...
      • 5 Years Ago
      To bad, another good car company lost to China
      • 5 Years Ago
      ford... i seriously hate you, guys.
      • 5 Years Ago
      Its a shame if it is true. I guess my S60R will be last Volvo I ever own.
      • 5 Years Ago
      ...in the library with the candlestick...

      or so I heard...
      • 5 Years Ago
      ford should have built volvos here in north america( not all volvos are built in sweden anyway) they have lots of excess factories in the us and canada( and mexico) maint them more affordable to more people. id love a volvo ifit was like 205 cheaper then buing one againse the euro with a weak dollar, but now ford can get on with their great new product line( taken from europe of course) we always got the crapmobile version of the cars they had over seas, NOW BRING ON THE AUSSI FALCON!!!!!!!!!!!!!!
      • 5 Years Ago
      So sad.
      • 5 Years Ago
      I am a Volvo owner (2007 S60) and sadly it will be my last. I cannot buy a car that is owned by the Chinese!
      • 5 Years Ago
      Worst automotive news of the year
        • 5 Years Ago
        No, that is the biggest joke ever. I think somebody is testing our sound judgment with these articles. How will ford come up with the loss of nearly 200.000 cars produced in his belgian factory? Or will they withdraw from Europe? The owner of Volvo will have an improved Mondeo platform, so it can produce a strong competitor, if ford execs havent realised. I think geely was the company that presented cars with fake brake discs in western cars shows just 2 or 3 years ago to pretend that it can actually offer technology of the 90's already. Does anyone think that it would be exaggerating to come up with a few fake press releases on being able to buy Volvo?
      • 5 Years Ago
      ford should have built volvos in north america with the excess capacity at their plants in the us and canada ( all the other smart import car companies do)and that would have made them more affordable with a weak dollar against the euro, anyway now the chineese dont have to clone volvos like they do every other car , id love a chineese volvo for 25% less then they cost now nowhahahahaha
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