RSS RSS Twitter Twitter
Leftlane - news, reviews, and info for the auto-industry
 
 

On again, off again: China’s SAIC says it is not in talks with Ford to acquire Volvo

06/27/2008, 10:03 AM

By Drew Johnson

Although reports surfaced earlier this week that Ford was in talks with China’s Shanghai Automotive Industry Corp. to sell its Volvo brand, a source within SAIC has revealed that the rumors are unfounded.

“As far as I know, our company has never contacted Ford on the purchase of Volvo Cars,” an inside source told Automotive News.

The rumors were sparked by a report in Sweden’s Dagens Industri.

Volvo remains the sole survivor in Ford’s Premier Auto Group and has been at the center of sell rumors for months now. Adding fuel to the fire, Volvo announced earlier this week that it would be cutting 2,000 jobs, most in its home country of Sweden.

Ford maintains that it is not selling its Volvo brand, a position the U.S.’ number two automaker has maintained since last November.

New car price quote

Zero obligation price quote from a trusted local dealer.
 
 

06/27, 10:10 AM

posted by:

xyunya

Chinese Volvo? well people are buying Indian Jags and Rovers

06/27, 10:20 AM

posted by:

HemiRoadRunner

This whole world economy BS is getting out of hand. What ever happened to manufacturer’s staying unique to their home country? Don’t give me that labor is cheaper BS because jobs are going everywhere, to the U.S. Europe, asia etc.

06/27, 10:38 AM

posted by:

mayer_ray_nagin

Volvos always were the only cars that look okay in yellow.

06/27, 11:13 AM

posted by:

moto-racer13

Hemi get with the times, stop living in the stone ages. Take of your stained american flag shirt, put down the awfull tasting budd bear and start realising that this world is more interlaced than the knots in your oily unwashed hair. I personally would rather see China owning Volvo than Ford. The new Volvo’s look nice, but just thinking about its links with Ford make me walk away from it.

06/27, 11:24 AM

posted by:

TOZO

I don’t think anyone would buy a Volvo made out of very crushable paper, no airbags, and lead. It really misses the essence of Volvo.

06/27, 11:44 AM

posted by:

johnnycanuck

Have to go with HemiR on this with one stipulation: we probably see the absurdity of it over here or in Britain more so than in Eastern Europe or Asia. I have a tough time imagining Jaguar or Land Rover sales climbing in North America with their hard core and informed customer based well aware both brands are mere shadows of their former selves. And the thought of a Chinese Volvo is even more ridiculous. In Asia, however, I predict they’ll view these transplanted marques as some kind of victory, a testament to their emerging status as an industrial power. Let them have them I say. The North American market is in decline anyway. Let’s clean up our own house first.

06/27, 1:17 PM

posted by:

brassmonkey

Moto – you must be either British or retarded (same thing). Besides the fact that you have no point, please make your arguments with the correct English and grammar. Stupid limey bastard.
-
By the way, your toothless mum says, “Hi.”

06/27, 1:19 PM

posted by:

HemiRoadRunner

Moto-racer, why do you always post retarded $H!T? First of all, I could kick your @$$ on a motocross track anyday of the week. Second, why don’t you move the hell out of the U.S. since you have a problem with supporting any U.S. based operation. If you were talking that $H!T in person, I would personally kick your little @$$ and throw you in a dumpster where trash belongs. China and india buying companies just shows they aren’t creative enough to come out with their own distinguished brands. Oh wait, they do, that little Tata pos is a real beauty now isn’t it?

06/27, 4:00 PM

posted by:

bigp

ford will keep vovlo is what i was told by an ford insiders that i meet. best man e v e r

06/28, 1:41 AM

posted by:

02WRXPSM

Ford has been extremely hands-off with Volvo; most of them are still built in Sweden by Swedes. Idiotically Ford has also been ignoring all the very nice safety and engine tech that Volvo has to offer, which is stupid; why not stick it in other cars. The T5 motor in particular is an extremely nice piece of work, generating 260 ft/lbs of torque from just 2.49 liters from 2000rpm and getting 26 mpg. While Americans can’t wrap their V-8 heads around a 5-cylinder engine, it is a proven design embraced by everyone from tractor makers to Audi; a 5-cylinder is a very balanced engine, having fewer degrees of overlap per crankshaft revolution than a 4 or a 6, and in fact a very similar power delivery to Jaguar’s V12 motors. Ford would be fools to sell Volvo, but it isn’t like they’ve actually DONE anything with the company besides produce a stupid ad with a woman caressing a S80 like a hooker trying to steal a guy’s Rolex.

06/30, 7:18 AM

posted by:

JohnnyBlazE

brassmonkey, I take it you’re an Ameri**** then?

A yank ****tard with a lack of “u” in many words and an overuse of “Z” – starting with your rapper Mr Jay-Zed.

Twat… your inbred southern mother wants your deformed miniscule **** in her anus. Go, heed that ****ing donkey’s call.

Britain > America. Always.

06/30, 5:12 PM

posted by:

DialM4Speed

Sell it all Ford! Bunch of dumb bastards!

 
 
You need to log in with your user name and password before you can leave comments.

    

Forgot your Password?


Don't have a user name yet? Simply fill in the form below and click the link provided in the
confirmation email. You must supply a valid email address to complete the registration process.

  
 
 
 
 
  • Login
  • About
  • Contact
Please note that you need to log in with your user name and password before you can leave comments.
  

login
cancel
Forgot your Password?
Don't have a user name yet? Click here to register now.

Simply fill in the form below and click the link provided in the confirmation email. You must supply a valid email address to complete the registration process.

  
submit
cancel
Leftlane is the leading source for automotive industry and vehicle news, new car research, future vehicle information, and reviews. Read by car shoppers, driving enthusiasts, autoworkers, executives, and investors, the website is updated throughout the day with the very latest auto news - as it happens.

Leftlane also provides consumers with accurate and media-rich information on every car currently on the market. In-market shoppers can review specs, read overviews, view high-resolution images, watch videos, and estimate pricing. No other automotive publication brings together the same degree of timeliness, thoroughness and accuracy as Leftlane.
 
submit
cancel