Jump to content
  • Greetings Guest!

    CheersandGears.com was founded in 2001 and is one of the oldest continuously operating automotive forums out there.  Come see why we have users who visit nearly every day for the past 16+ years. Signup is fast and free, or you can opt for a premium subscription to view the site ad-free.

Sign in to follow this  

Ford may sell Volvo to...Volvo?

Recommended Posts

A Swedish Homecoming?
AB Volvo eyes purchase of Volvo Cars
Posted Image
Link to Original Article @ Autoweek | Published 06/20/07, 1:50 pm et

If hindsight is 20/20, then leaders at AB Volvo apparently have perfect vision. Nearly 10 years after the sale of Volvo Cars to Ford, the commercial vehicle juggernaut is reportedly looking to buy it back.

According to the business daily Dagens Industri, undisclosed sources claim the Swedish company is investigating buying a minority share of its former automotive division.

Also potentially involved is French automaker Renault SA. After selling its commercial vehicles and Mack Trucks divisions, it currently owns a 20 percent stake in AB Volvo.

Analysts doubted such a possibility, claiming that buying into Volvo Cars would demonstrate a lack of “industrial logic” on AB Volvo’s part.

After the sale of the automotive unit, AB Volvo concentrated on strengthening its position in heavy-duty trucks. With the acquisition of Mack and Renault Trucks in 2000, along with the purchase of Nissan Diesel in 2007, the Gothenburg-based company is the second-largest truck maker worldwide.

Representatives from AB Volvo have not publicly voiced any interest in returning to the automotive market in recent years and continue to downplay such a possibility. Likewise, Volvo Cars spokeswoman Maria Bohlin refused to comment on “speculations in the media.”

Share this post

Link to post
Share on other sites

Your content will need to be approved by a moderator

You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Who's Online   0 Members, 0 Anonymous, 2 Guests (See full list)

    There are no registered users currently online

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets



Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.