Source: Autocar
French car maker Renault has held talks with Ford about a possible purchase of Volvo cars, reports Reuters.
The two companies met last autumn to discuss a possible deal, but apparently the talks ended after the parties failed to agree on the value of the Swedish car maker.
Image courtesy of Autoblog
From The Detroit News:
Ford Motor Co., the only U.S. automaker to forgo government loans, will begin seeking buyers for its Volvo luxury brand next month and expects to draw bids from Chinese carmakers, said a person familiar with the plan.
Image courtesy of Autoblog
Remember the Volvo S60 concept that was unveiled at this years NAIAS? Well apparently it debuted Ford new 1.6 litre EcoBoost 4-cylinder engine – which is a pretty impresive engine.
Volvo and Mercedes-Benz have been known for decades as automotive safety pioneers, sharing between them the bulk of new innovations in the field. These days, however, automakers are as concerned about their financial security as they are with occupant safety. With the latter in mind, reports indicate that Mercedes parent company Daimler has decided against buying Volvo from Ford.
Image courtesy of Autoblog
In recent times, Volvo has been rumored to be the next brand to be sold off Ford PAG’s (Premier Auto Group) list of marquees. But time after time Ford has denied these claims. Now with Ford looking to keep hold of Volvo, it appears some housekeeping needs doing…
