Swedish group among Volvo bidders: report

Swedish group among Volvo bidders: report
A group of Swedish-led investors may be preparing a bid to buy Volvo Cars, according to media reports.

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.