volvo sale


Ford officially confirms China's Geely as preferred bidder for Volvo

It's been rumored for months Chinese automaker Geely had the best shot at picking up the Volvo brand from Ford, and today, Dearborn has finally confirmed it. Geely was named as the preferred bidder this morning and the Blue Oval is proceeding with negotiations. However, this is not going to be an easy deal to close. Ford doesn't want to keep any stake in the Swedish company, although it does hope to continue some product cooperation. In spite of the lack of shareholding, Ford doesn't want Volvo to wither on the vine and wants whoever buys ... Read more →

REPORT: Geely's plans to buy Volvo from Ford unravelling over intellectual property concerns? Chris Shunk

Ford has been trying to offload the Volvo brand since December of 2008, but after years of rumors and speculation those 10 months feel more like a decade. China's Geely has been speculated as the ...

REPORT: American-led consortium to bid against Geely for Volvo Sam Abuelsamid

With General Motors and Ford both trying to divest themselves of underperforming operations that aren't core to their U.S.-based businesses, the automakers are finding things tougher than simply ...

REPORT: Chinese government approves of Chery's bid to purchase Volvo Frank Filipponio

If, like us, you've been following the Volvo saga pretty closely, you'll remember that several Chinese companies are considered to be among the top bidders for the Swedish automaker when Ford ...

Bids for Volvo expected around Easter, Chinese and Euro concerns reportedly in the running Chris Shunk

Volvo has been struggling for a while now, and recently the Swedish automaker shed 6,000 jobs to stem the tide of red ink. To make matters more interesting, Volvo could soon be working with a new ...

REPORT: Geely denies plans to buy Volvo 9 months ago on Autoblog

Of the many suitors who have reportedly had at least a passing interest in acquiring the Volvo brand from Ford Motor Company, the Volvo Group, BMW and Daimler have all publicly decided to pass on the opportunity. Many believe that a Chinese automaker will step up to the plate and purchase the ...

Ford holding talks with Renault regarding Volvo sale? 9 months ago on Autoblog

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 ...

Geely reportedly interested in Volvo Cars 10 months ago on Autoblog

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 ...

Ford wants $6 billion for Volvo 11 months ago on Autoblog

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 ...

Volvo to BMW rumor pops up yet again 1 year ago on Autoblog

Another day, another rumor of the sale of Volvo's automobile operations. Of course, Ford is the current owner of the Swedish maker of shapely bricks, and the Blue Oval could definitely use the money as it tries to regains its shaky footing in its home market. A sale of Volvo has been spoken of for ...

Volvo still wants to compete with the Germans, despite rumors of sale 1 year ago on Autoblog

Ford says Volvo's not for sale, and the Blue Oval would be smart to hold on to its remaining vestige of the Premier Auto Group as long as it can, especially since engineering and platforms have become so entwined with Dearborn's product line. For its part, Volvo is angling to take on the high end ...

Ford to make fewer Volvos, possibly in prep for sale 1 year ago on Autoblog

Volvo, once the success story in Ford's Premier Automotive Group, has hit choppy waters. And according to Wall Street Journal insiders, Ford is preparing to treat the Swedish automaker the same way it did the English ones: slap some floaties on it and keep the brand bobbing long enough to sell it. ...

Ford stock up thanks to Kerkorian, Volvo remains "not for sale" 1 year ago on Autoblog

Kirk Kerkorian's associate Jerry York stated last Thursday that Ford would do well to sell Volvo and extinguish Mercury. Coincidentally (or not) Ford's stock zoomed up to one of the highest price levels it's seen in the last six months. Tracinda Corporation, Kerkorian's firm, has expressed faith in ...

Amidst the loss trimming, Ford revises Volvo's strategy 2 years ago on Autoblog

Ford only lost hundreds of millions during the third quarter of 2007, versus the 5-something billion they torched through for the same period in 2006. Sales and revenue are up, and while we can't see it yet, there might be a light at the end of the tunnel. Of course, it could be attached to a train, ...

Ford wants Jag/Land Rover sold by October, Volvo by 2008 2 years ago on Autoblog

The New York Times is reporting that Ford is expecting to wrap up its sales of Jaguar and Land Rover by September 30, and of Volvo by the start of winter. Fresh off its shedding of the majority of Aston Martin, Ford has made the decision to rid itself of a majority of shares in the other premium ...






Autoblog Podcast #152: Paukert Enhanced!

Eddie Alterman wades in with Sam, Chris, Dan, and Jonny to talk about SEMA and other recent events.

 
 

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