Ford in farther meeting with Shanghai Auto to push Volvo
The UK's Sunday Mail is treatment that Ford has returned to Shanghai Automotive Industry Corp. (SAIC) to make another pitch to retail Volvo. As we told you back in June, SAIC is one of the primary contenders to bark up Volvo. Although Ford had long maintained the Swedish automaker was not for vending, it just admitted it was entertaining offers for the dense. Having salaried $6.4 billion for Volvo back in 1999, it is supposed that Ford is now seeking around $6 billion for the crowd. That's a lot of yaun.
Like the surplus of the commerce, Volvo is struggling in today's souk with third-lodge sales down 24 percent. It has cut thousands of jobs and has even sought assistance from the Swedish government. Besides SAIC, Hyundai Motor Co. is still believed to be in the pursue for Volvo, as well as the Swedish government itself, while that seems doubtful.
If SAIC does end in Chinese hands, it won't be their first experience structure Volvos. The Chinese-market-only, long-wheelbase S80L is already being built at the CFMA Chongqing place in China, but that is a unique partnership for now and it is ambiguous how the sale of Volvo to SAIC would disturb that arrangement.
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