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Ford wants $6 billion for Volvo

Ford bought Volvo for $6.4 billion back in 1999. Now, a decade later, unconfirmed reports say the automaker is asking nearly the same amount -- $6 billion -- for the Swedish brand. Ford may sell Volvo to demonstrate active steps to cut costs (a critical move as Mulally is in Washington asking Congress for financial assistance as you read this). Although it's a buyer's market, Volvo isn't exactly the hottest catch. Like everyone else, the automaker is struggling in today's market as reported sales in the third-quarter were down 24%. Volvo has ... Read more →

Swedish Sell-A-Thon! Ford reconsiders selling Volvo John Neff

Ford announced today that it's "re-evaluating strategic options for Volvo Car Corporation", which in plain English means that it may sell the Swedish brand that it's owned since 1998. The ...

Volvo's suitor of the week: China's Chery Michael Harley

Following up on our report last month about Volvo possibly going to the Chinese, state media is now reporting that Chery Automobile, one of the largest independent and fastest growing Chinese auto ...

Sinking Swede? Ford devalues Volvo Jonathon Ramsey

Ford won't say what it thinks Volvo is worth, but the Blue Oval does believe that its Swedish subsidiary is worth $2.4 billion less than it was before. Although PAG, Ford's Premier Auto Group ...

Ford denies discussing sale of Volvo Chris Tutor

Earlier this month we brought you a rumor that BMW was in talks with Ford to buy Volvo. Then just this week the rumor popped up again, in a Swedish newspaper. Now Ford comes out to officially quash ...

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BMW reportedly interested in buying Volvo? 2 years ago on Autoblog

var digg_url = 'http://digg.com/world_news/BMW_reportedly_interested_in_buying_Volvo'; Autocar says BMW seriously considered taking Volvo off of Ford's hands earlier this year, going so far as to request financial data about the company, which is surprising on several levels. First, does this ...

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Autoblog Podcast #154: Gobbling up the News

Chris, Sam, and Dan kick out a podcast just in time for the long holiday drive.

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