Chinese suitors plan visit to Volvo Cars: report
AFP/The Local · 20 Apr 2009, 13:05
Published: 20 Apr 2009 13:05 GMT+02:00
According to Swedish business daily Dagens Industri, which did not cite any sources, officials from either Changan, Dongfeng or Geely will visit Volvo's headquarters in Gothenburg, Sweden and its plant in Ghent, Belgium.
The newspaper said a Chinese buyer could be willing to pay between 15 and 20 billion kronor ($1.75-2.3 billion) for Volvo.
Ford said last December it was considering a sale of its Swedish brand. At the end of March, the US automaker said it was holding detailed discussions with a number of unnamed interested parties.