Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Geely reportedly interested in Volvo Cars]]>http://www.autoblog.com/2008/12/18/geely-reportedly-interested-in-volvo-cars/http://www.autoblog.com/2008/12/18/geely-reportedly-interested-in-volvo-cars/http://www.autoblog.com/2008/12/18/geely-reportedly-interested-in-volvo-cars/#commentsFiled under: , ,

We already know that Ford has placed Volvo on the auction block and is actively shopping its Swedish brand to at least one Chinese automaker. New rumors indicate that there may be more players in China with more than a passing interest in taking the brand off the Blue Oval's hands. If SAIC doesn't bite at Ford's $6 billion asking price, Geely has emerged as a possible bidder and officials from the Chinese automaker have reportedly made the trip all the way to Volvo's headquarters in Gothenburg, Sweden, to discuss a possible sale with Ford.

So, what potential roadblocks stand in the way of a Chinese automaker snatching Volvo from the throes of bankruptcy? According to Autocar, one sticking point is that Ford does not want Volvo platforms being used by other automakers. A good deal of Ford products share their underpinnings with Volvo sedans and Ford is concerned that its intellectual property could end up in the wrong hands.

[Source: Autocar]

Geely reportedly interested in Volvo Cars originally appeared on Autoblog on Thu, 18 Dec 2008 09:01:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>geelygeely volvoGeelyVolvosaicsaic volvoSaicVolvovolvovolvo saicvolvo salevolvo sale chinavolvo sale chineseVolvoSaicVolvoSaleVolvoSaleChinaVolvoSaleChineseThu, 18 Dec 2008 09:01:00 EST http://www.autoblog.com/feed/1403116/article-comments.xml http://www.autoblog.com/feed/2008/12/18/geely-reportedly-interested-in-volvo-cars/1403116/article-detail.xml 1403116 http://www.blogcdn.com/www.autoblog.com/media/2008/12/volvo_chinese_sale_take_3_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2008/12/volvo_chinese_sale_take_3.jpg <![CDATA[Ford in further talks with Shanghai Auto to sell Volvo]]>http://www.autoblog.com/2008/12/08/ford-in-further-talks-with-shanghai-auto-to-sell-volvo/http://www.autoblog.com/2008/12/08/ford-in-further-talks-with-shanghai-auto-to-sell-volvo/http://www.autoblog.com/2008/12/08/ford-in-further-talks-with-shanghai-auto-to-sell-volvo/#commentsFiled under: , ,

The UK's Sunday Mail is reporting that Ford has returned to Shanghai Automotive Industry Corp. (SAIC) to make another pitch to sell Volvo. As we told you back in June, SAIC is one of the leading contenders to snap up Volvo. Although Ford had long maintained the Swedish automaker was not for sale, it recently admitted it was entertaining offers for the firm. Having paid $6.4 billion for Volvo back in 1999, it is believed that Ford is now seeking around $6 billion for the company. That's a lot of renminbi.

Like the rest of the industry, Volvo is struggling in today's market with third-quarter sales down 24 percent. It has cut thousands of jobs and has even sought assistance from the Swedish government. Besides SAIC, Hyundai Motor Co. is still believed to be in the hunt for Volvo, as well as the Swedish government itself, although that seems unlikely.

If SAIC does end up in Chinese hands, it won't be their first experience building Volvos. The Chinese-market-only, long-wheelbase S80L is already being built at the CFMA Chongqing plant in China, but that is a unique partnership for now and it is unclear how the sale of Volvo to SAIC would affect that arrangement.

[Source: The Sunday Mail]

Ford in further talks with Shanghai Auto to sell Volvo originally appeared on Autoblog on Mon, 08 Dec 2008 09:59:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>ford volvoFordVolvosaicsaic motorsaic volvoSaicMotorSaicVolvoShanghai Automotive Industry CorporationShanghaiAutomotiveIndustryCorporationvolvo for salevolvo fordVolvoFordVolvoForSaleMon, 08 Dec 2008 09:59:00 EST http://www.autoblog.com/feed/1394034/article-comments.xml http://www.autoblog.com/feed/2008/12/08/ford-in-further-talks-with-shanghai-auto-to-sell-volvo/1394034/article-detail.xml 1394034 http://www.blogcdn.com/www.autoblog.com/media/2008/12/volvo_chinese_sale_take_3_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2008/12/volvo_chinese_sale_take_3.jpg <![CDATA[Chinese automaker denies rumor about interest in Volvo]]>http://www.autoblog.com/2008/06/27/chinese-automaker-denies-rumor-about-interest-in-volvo/http://www.autoblog.com/2008/06/27/chinese-automaker-denies-rumor-about-interest-in-volvo/http://www.autoblog.com/2008/06/27/chinese-automaker-denies-rumor-about-interest-in-volvo/#commentsFiled under: ,



An eternally unanswerable question seems to be whether or not Ford is actively shopping around Volvo for a buyer. Just this week we reported that Chinese automaker SAIC and some Russian investors had expressed interest in purchasing the Swedish carmaker from Ford, but today we learn from a source within SAIC that the company is doing nothing of the sort. The unidentified source said that, as far as he/she knew, the two companies were not in contact about a possible purchase at all. Volvo's staying quiet and licking its wounds after announcing 2,000 layoffs this week, while Ford is singing the same old song with a catchy chorus that insists Volvo is not for sale. Well, the rumor that some Russians are interested in Volvo hasn't been refuted yet, so until someone named Boris says otherwise, let's considerable Volvo on the market despite Ford's protest.

[Source: Automotive News, sub. req'd]

Chinese automaker denies rumor about interest in Volvo originally appeared on Autoblog on Fri, 27 Jun 2008 19:31:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>chinafordford volvoFordVolvoSAICSAIC volvoSaicVolvovolvoFri, 27 Jun 2008 19:31:00 EST http://www.autoblog.com/feed/1238838/article-comments.xml http://www.autoblog.com/feed/2008/06/27/chinese-automaker-denies-rumor-about-interest-in-volvo/1238838/article-detail.xml 1238838 http://www.blogcdn.com/www.autoblog.com/media/2008/06/china_flag_large_opta_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2008/06/china_flag_large_opta.jpg -1 2