Ford is looking towards one of China’s emerging car makers as a buyer for Volvo, as Ford desperately tries to streamline the firm’s global operations.
But while much of the speculation on a possible suitor for Volvo has focused on the Shanghai Automotive Industry Corporation (SAIC) and Changan Automobile (which already produces a long-wheelbase version of the S80 for the Chinese market), Autocar has learned that rival Geely Automobile has shown interest in a controlling stake in the Swedish brand.
Geely personnel initially visited Volvo’s headquarters in Gothenburg in early 2008, following moves by Ford to dissolve its Premier Automotive Group - which included Volvo, Jaguar, Land Rover and Aston Martin.
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