Swedish group among Volvo bidders: report
TT/The Local · 10 Mar 2009, 06:48
Published: 10 Mar 2009 06:48 GMT+01:00
- GM chief proposes Volvo-Saab merger (03 Mar 09)
- Sweden to back Volvo's European loan bid (24 Feb 09)
- Sale of Volvo Cars advancing: report (06 Feb 09)
In addition to interest from at least three potential Chinese bidders, a consortium of investors representing interests in Sweden is also in talks with Volvo owner Ford, reports The Financial Times newspaper.
The paper cites three anonymous sources “involved in, or briefed on” the deal.
Nevertheless, speculation continues to mount regarding an eventual bid from one of the three Chinese automakers – Chang’an, Dongfeng or Geely – currently said to be considering a purchase of Volvo from Ford.
Details about a possible Swedish bid remain sketchy, although the investment group may be motivated by a desire to keep Swedish car manufacturing knowhow in Sweden, rather than in the hands of the Chinese, according to The Financial Times.