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Swedish consortium reportedly interested in Volvo

08/17/2009, 9:24 AM

By Andrew Ganz

Ford has been quiet in its efforts to sell its Swedish unit Volvo, claiming that it is waiting for General Motors to finalize its sales of Opel and Saab, but the Dearborn, Michigan, automaker is apparently now in talks with a group of primarily Swedish investors interested in purchasing the brand.

Sweden’s Dagens Industri said that the group, called Konsortium Jakob AB, has apparently raised enough capital to buy the money-losing Volvo unit from Ford. Chinese automaker Geely has been considered the front-runner in the bidding process, though it is not believed that Ford has taken any official bids.

The consortium represents the engineering trade union at Volvo and the newspaper suggested that the Volvo truck unit, which has been a separate entity since 1998, is considering joining in the consortium – a theory debunked by Volvo Trucks.

“We take an interest in what happens with Volvo cars since we share their brand, but that’s where it ends,” Volvo Trucks spokesman Marten Wikforss told Reuters. “We don’t see ourselves as investors in the car industry.”

Volvo’s first production car, the ÖV 4, is often referred to as Jakob.

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08/17, 9:49 AM

posted by:

alsvw

Volvo makes world class cars. Ford just did not put its all into the company.

08/17, 10:02 AM

posted by:

mayer_ray_nagin

World class? I guess in the European sense of “high-priced + poor quality = world class.”

That also explains VW, Benz, Fiat, Renault, Peugot, Saab, BMW, and to a lesser extent Audi.

08/17, 10:12 AM

posted by:

TomF

Volvo MADE world-class cars once upon a time. My Volvo mechanic says don’t touch any post-2000 models with a ten-foot pole.

It might be hilarious to see a group representing Swedish trade unions get control of Volvo. They would manage to produce about 30 cars a year, set MSRP at $300 million per car, and go on strike when the cars fail to sell. And that’s before the bumpers fall off because they’re attached only with eco-friendly sustainable hemp glue sticks.

08/17, 10:54 AM

posted by:

HoosierHero

Meh. Let the Swedes have it. They are irrelevant nowadays ala Saab. Niche car company that doesn’t have a niche.

08/17, 10:59 AM

posted by:

johnnycanuck

So if they sell out to a Swedish consortium would that be something like the Borg Collective?

08/17, 11:17 AM

posted by:

mayer_ray_nagin

Johnny, I think the Germans are the Borg.
………. The Swedes are the touchy-feely Betazoids,
………. the French are the Pakleds,
………. the Chinese are the Ferengi,
………. the Brits are Gorns,
………. the Japanese are Androids,
………. and we North Americans are Horta.

I’ve always wondered if the Borg are fruitcakes. They never assimilated Orion Slave Girls.
Maybe that’s because Orion Slave Girls never offer any resistance so no attempt proves futile.

08/17, 11:52 AM

posted by:

johnnycanuck

mayer_ray, are you implying we have our heads under a rock or rocks in our head?

Maybe I should have said the Bjorg Collective.

By the by…

They should have killed off Troi and kept Yar.
The Pakleds are still smarter than most politicians.
At some point of every day I wish we had adopted the Ferengi custom regarding females and clothing.
The Gorns still have better teeth.
That does explain why the Japanese are so into batteries.

08/17, 12:13 PM

posted by:

mayer_ray_nagin

Johnny, I agree with every last word and would enjoy personally killing off Troi, but with regard to Hortas it goes further than just burying our heads under the rocks in our head. You should remember all those silicon nodes that the miners were destroying – well we now implant those same nodes in our females in a vain attempt to delude us that they possess alleged feminity.

Now, to be fair, I will never forget the great Sam Kinison’s discussion about breast surgery and asking what the EFF is with breast reduction surgery. “Take some meat out of these tîttîes!” If you gotta get the surgery, make them bigger, not smaller, and you gotta admit that Horta mama had a nice rack and Spock felt them up while moaning about a mindmeld and if you had to go 7 years between nookie you’d feel up rocks too and bury your head under them. Then again you are married … but I digress.

As much as huge knockers seem great is there any one of us who doesn’t dream about small-chested asian chicks? No, and that is clearly my point.

08/17, 12:26 PM

posted by:

Borat

TomF, it is nice to see you back. Did you replace Mini with Mini?

08/17, 12:55 PM

posted by:

HoosierHero

Jesus, I came to Leftlane news looking for updates and left speaking Klingon!

08/17, 5:05 PM

posted by:

mayer_ray_nagin

Ohhh what do you know, you pataK!

08/17, 9:56 PM

posted by:

Veda

Really? I thought the older S80 was crap compared to the old one? Why shouldn’t we buy the new ones? Less reliability? I’d like an insider’s knowledge if possible.

08/18, 12:10 AM

posted by:

TomF

@Borat: Thanks, man. I was on the road for awhile. Traded the Mini car-be-que on a nice little ‘08 Mazda 3, not as surefooted or fun as the Mini but it’s got good pickup and it’ll be paid for fast.

 
 
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