Beijing Auto expressing interest in Volvo?

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- sjmmail2000-247
  
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posted
14 years ago

Sat, Jun 13, 2009 6:14 AM

Although most of the news lately has been on General Motors' new car brand fire sale, Ford has been quietly shopping around its Swedish Volvo unit. News comes today that executives from China's Beijing Automotive Industry Holding Corporation (BAIC) are touring Volvo's Gothenburg, Sweden, headquarters, with the intention of deciding whether to make a bid [...] Read More:

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- Stephen Henning
  
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posted
14 years ago

Sat, Jun 13, 2009 2:16 PM

First, China has to approve the sale. It is seeing internal problems of its own due to the world economy that is making it shy away from such moves.

The other problem is that BAIC only makes cars for existing manufacturers, Hyundai and Mercedes-Benz. It has no brands of its own. Volvo would be its first brand.

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