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.