|
Ford's Volvo Sale?
Report says U.S.-led group in talks to buy Ford’s Volvo
Posted Tuesday, Oct 6, 2009, 11:43 am in Employee News
A U.S.-led group that includes former Ford Motor Co. director Michael Dingman is in talks to acquire the automaker’s money-losing Volvo brand, a source familiar with the matter said Monday, Reuters reported.
The group, called the Crown consortium, has been in talks with Ford regarding Volvo for some time, the source told the Financial Times. The discussions raise a potential rival bid for Volvo to that of China’s Geely Automotive, which confirmed in September an interest in the Swedish brand, the story said.
The Financial Times first reported the Crown consortium’s interest in the Volvo brand and said the group was fronted by Dingman and former Ford and Chrysler executive Shamel Rushwin, the report said. Dingman served on Ford’s board from 1981 to 2002, when he reached its mandatory retirement age, the story said. (Reuters)
__________________
Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
|
Linear Mode
