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Weeks after Ford confirmed it was considering selling the Volvo Car Corporation, new reports suggest a Chinese manufacturer is interested in purchasing the Swedish automaker.
According to Automotive News, Changan Automobile Group – Ford’s current manufacturing partner in China – has entered discussions with Ford to purchase the Volvo operations. The report, which cites a story in a Chinese trade publication, suggests talks between the two parties may have started at last month’s Guangzhou auto show, just prior to Ford’s announcement.
Neither side has commented on the discussion, but should Ford decide not to retain Volvo, a sale is likely – and perhaps even in Ford’s best interest. A different Automotive News report suggests that Volvo would struggle to survive on its own, but could thrive as a “daughter” brand of another European or Chinese manufacturer.
Source: Automotive News
I think it’s pretty true that Volvo couldn’t really survive on its own. It needs a few more years to get more relevant products up and running. The Volvo XC60 looks great, but it’s way late to the game and coming in at the most inopportune time imaginable.
No way! I was opposed when Ford bought Volvo in the early 90′s. All Ford did was use the technology that Volvo had developed and now this is what Volvo gets from them. Thank you Ford.
I don’t think that’s the implication, but Volvo could be owned by a Chinese operation. It’s not unlike the current SAIC ownership of MG, though some assembly of those cars does occur in China.
Wow so Volvo may be made in China. That is interesting