Aptera: It's Baaaaaaaaack! (We'll Believe It When...

Report: Ford held talks with Renault to sell Volvo

 
3 2,104 views Jun 30, 2008
Follow Viknesh

Report: Ford held talks with Renault to sell Volvo

Report: Ford held talks with Renault to sell Volvo

Enlarge Photo
Following the news that Ford has been in talks with a number of firms from China and Russia about a possible sale of its Volvo subsidiary comes new reports claiming that Renault was one of the initial carmakers interested in acquiring the Swedish label. An inside source close to the negotiations has revealed that Ford and Renault had conducted exploratory talks last year but stopped talking after neither party could come to an agreement over pricing.

However, the source has told Reuters that further negotiations have taken place since then and that Renault shouldn’t be excluded from the list of potential bidders for Volvo. Renault is currently tied to Nissan but the CEO of the French-Japanese duo, Carlos Ghosn, has expressed his desire to join with a third carmaker, although he originally sought to partner with a North American firm.

Additionally, the source has also confirmed that China's third-largest automaker, Dongfeng Motor Group, is another potential bidder and has been in contact with Ford.

Ford is standing by its announcement that Volvo is not for sale and all attention is focused on improving its business results.



Tags:
Posted in:
 
Contribute
Send us a tip Comment Contact the editor
Follow Us

 

Have an opinion?Join the conversation!

  • Posting indicates you have read this site's Privacy Policy and Terms of Use
  • Notify me when there are more comments
Comments (3)

  1. By Bender Posted: 7/1/2008 1:09pm PDT

    I'd honestly wouldn't mind if Volvo went to Renault. With all the recent advances and Renault's green direction, Volvo would make a perfect future premium eco/safety brand.
     
    Post Reply
    Vote
    Bad stuff?

  2. ma_kurtdaniel avatar kurtdaniel Posted: 6/10/2009 5:34am PDT

    very spacious..i like it..ive seen more pics of it in engineblox..
     
    Post Reply
    Vote
    Bad stuff?

  3. By  wii light gun Posted: 1/9/2010 9:03pm PST

    While time will only tell; I can't see Ford shedding Volvo. At this point, they share way too much in terms of platforms and Ford's CAN architecture was aligned very closely with Volvo as well.
     
    Post Reply
    Vote
    Bad stuff?

 

Have an opinion?Join the conversation!

Connect with Facebook

Motor Authority. Now with your friends.

Discover stories your friends read.
Share stories more easily.
You control what you share.
Learn more

Research New Cars

Go!


More from High Gear Media

 
 
MotorAuthority
  • Follow Us
  • Twiiter
  • Facebook
 
 
© 2011 MotorAuthority. All Rights Reserved. MotorAuthority is published by High Gear Media. Stock photography by Homestar, LLC. Send us feedback.