Report: Ford talks with Chinese to sell Volvo

[hades]

I just found this article in Auto News while looking for some car stuff. I hope you find interesting too.

Ford Motor is in negotiations with a Chinese company to sell its Volvo cars division, the Swedish business publication Dagens Industri reported today on its Web site.

A Russian investor is also believed to be interested in acquiring the division, the report said.

Media reports have suggested that the Chinese company involved in talks is Shanghai Automotive Industry Corp.

A Ford spokesman said: "We have been consistently saying since the end of last year that Volvo is not for sale. We are focused on improving Volvo's business results."

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[wcurtin1962]

The sooner the better!

 

[Jason]

The sooner the better!

Not so fast. Volvo may pull a better profit. Ford lost huge money last quarter.

Check out the 2008 Q2 financials.

http://www.ford.com/about-ford/investor-relations/company-reports

 

[Mac]

Not so fast. Volvo may pull a better profit. Ford lost huge money last quarter]

Volvo's biggest asset to Ford is the huge market they have in the heavy industrial part of the market, not their cars. Don't sell their cars short either. They are very well engineered and can be made to run. My best buddies son is a master technichian with Volvo and can get a safe 400hp out of a five cylinder.
Dave

 

[4x4RangerGuy]

They also suck to work on, like every other European luxury vehicle. My dad just sold his S80 AWD with the T5 because the engine sounded like it was dying everytime he started it up. Way too loud, and the transmission bucked when it shifted. Volvo said it was unfortunately how it was designed/programmed.

Volvo's were good back in the 80s and early 90s when you could actually work on them.

 

[NXD 5150]

Volvo's biggest asset to Ford is the huge market they have in the heavy industrial part of the market, not their cars. Don't sell their cars short either. They are very well engineered and can be made to run. My best buddies son is a master technichian with Volvo and can get a safe 400hp out of a five cylinder.
Dave

It is my understanding that ford bought only the car side of volvo.