2013 G63 AMG Driven, 2013 BMW 7-Series, Diamond Paint: Today's...

Ducati Team Completes Two-Day Mugello Test

2012 Renault Alpine A110-50 Concept Debuts: Video
INDYCAR Aero Kit Parameters Released To Prospective Suppliers

Voting Open For The SEMA Mustang Designed And Built By Women

McLaren Race Car Builder Joins Road Car Unit In Woking
Renault Looking To Launch Luxury Sub-Brand With Help From...

Formula 1 Monaco Grand Prix Preview

2014 Audi S3 Hatchback Spy Shots

Volvo Trucks not interested in buying car unit

Viknesh Vijayenthiran

Editor BIO

Vik is an Editor at High Gear Media and contributor for a number of sites within the High Gear Media network. He was a co-founder of... More

LATEST ARTICLE
2012 Renault Alpine A110-50 Concept Debuts: Video
After years of speculation, Renault has finally revived its Alpine performance branding, which has... Read More

#1LEADERBOARD RANK
7398ARTICLES CONTRIBUTED
82COMMENTS POSTED

1,372 views Sep 19, 2007

Follow Viknesh

Add to circle

Volvo Trucks not interested in buying car unit

Enlarge Photo

Truck manufacturer Volvo AB has rejected claims it was considering purchasing the Volvo car division from Ford, to whom it sold it to almost a decade ago. Volvo AB is currently the second largest truck manufacturer and has in the past acquired the Mack and Renault truck companies, but, according to its CEO Leif Johansson, it wouldn’t make financial sense to acquire a carmaker at this point.

Earlier this year, Swedish reports claimed managers at Volvo Cars were keen to merge with a local company rather than being bought out by a foreign carmaker. Speaking with Bloomberg, Johansson said "we are of course very concerned and interested in what happens with Volvo cars, but not such that we would be an investor there."