Of the many suitors who have reportedly had at least a passing interest in acquiring the
Motor Company, the
have all publicly decided to pass on the opportunity. Many believe that a Chinese automaker will step up to the plate and purchase the Swedish brand known for safety, but now
has withdrawn its name from the proceedings with the statement, "We don't have plans to buy Volvo as some media have reported." Well, fine then.
dropping out, SAIC
remains a possible Chinese suitor
along with Changan Automobile Group, Dongfeng Motor Group and Chery Automobile, all of which have said that they are monitoring the situation, whatever that means.
as a possible bidder as well. Ford is
to be looking to get about $6 billion for Volvo, which is just about what the Blue Oval paid for it in 1999.
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