Ford Motor Company Announces it Will Re-evaluate Strategic O
 

Ford Motor Company [NYSE: F] announced today it will re-evaluate strategic options for Volvo Car Corporation, including the possible sale of the Sweden-based premium automaker

Click here to read the full report

I really hope that they sell the car-making operation back to AB Volvo...

That's all very well, but will Volvo AB be in a position to buy it? Given that Volvo Trucks' sales are 98% down on this time last year with only 17 trucks ordered Europewide last month.

Equally will Ford be asking a reasonable price for it? They paid $8billion give or take, but I doubt they'd get that in this climate, certainly not when every manufacturer is struggling.

Volvo AB came out with a statement last Thursday or Friday along the lines of we will see if we can make cash available to help out the car division but we are not interested in buying Volvocars.

This was reported again today at the bottom of this just-auto article

I see a possible sale to the far east coming up. Ford is desparate for money, the Chinese motor industry in particular is expanding rapidly (or at least it was, who knows in the current "global economic crisis") and would love to get their hands on the platforms and technology Volvo currently have.

As GMcL have said Volvo AB are openly stating they're not interested in buying Volvo cars, they talk about "possible joint ventures" but that's it.

Interesting times....

All in all, it's a bit f****d up, then? :(

Please not Renault, hopes for BMW and RWD Volvos again.

They won't make them RWD if they did buy them - If they did there would be no reason to guy for a BMW! Anyway, Rover went a bit tits up when BMW bought them!

They only want $6bn so form an orderly queue here world car makers...

Reading the news it sounds like there is a serious push for Shanghai Automotive Industry to acquire it. Is it just me or would that be particularly worrying for the brand?

No - I'd be pretty worried at SAI buying it too - don't they own MG/Rover?

I can't wait myself, before you know it the Ford era cars will be revered as "PROPER VOLVOS NOT LIKE THE RUBBISH WE GET NOW"

:D :D :D :D :D :D :D

put that tin of thinners down boyo!

I'm looking forward to the hastily translated owners manual.

So this is an interesting situation now, Sweden have loaned large sums of money to Volvo and Saab (http://news.bbc.co.uk/1/hi/business/7777395.stm) but the US government has voted against a bail out for Ford and the two others (http://news.bbc.co.uk/1/hi/business/7778830.stm).
I presume the money for Volvo cannot be transferred to Ford? I would think as a result of this no go in the US Senate that Ford will feel even more pressure now to sell Volvo, and quickly.