Volvo’s Ownership Seems To Be An Interesting Venture For Chinese Companies

Alongside the sale of Opel in Europe comes the Volvo brand which seems to have many Chinese companies interested. It was said that BAIC, a company that fell out of the race for Opel is definitely interested in the Swedish brand, alongside Geely which is a company that is famous for ‘copying’ other automakers cars.

“We’ve been in discussion with a number of parties concerning the future of Volvo, and that situation hasn’t changed,” Ford spokesman John Gardiner told Dow Jones. “It’s still the case that Volvo is held for sale, and it’s probable that Volvo will be sold,” said Gardiner. “But this process will still take some time to unfold.”

It was said that Geely would offer $2 billion for the Volvo brand, where they would leave the domestic operations untouched. The Chinese automaker said that they would then team up with a Swedish investor so that the Volvo workers’ demands would still comply, as Geely said that having an inexperienced Chinese owner would do no good to the brand. With the offer for Volvo comes space in China for the automaker to build a factory for new Volvo cars.