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