Ford will begin looking for buyers for Volvo in February. This comes after Ford has been selling its European brands; Aston Martin, Jaguar and Land Rover; Volvo is the last one left. Ford is expecting to draw bids from Chinese car makers, Bloomberg reports this week. An un-named source said sales documents would be sent to prospective buyers in the next couple of weeks. Ford bought Volvo for $US6.4 billion in 1999.
(Taken from The Weekend Australian January 31-February 1 2009 Prestige Motoring)
Will Volvo's exceptional safety standards be compromised with the manufacturing by Chinese car makers. I certainly hope Tata Motors sticks their finger out like they did with Land Rover and Jaguar.
motor1