Beijing Auto expressing interest in Volvo?

Although most of the news lately has been on General Motors' new car brand fire sale, Ford has been quietly shopping around its Swedish Volvo unit. News comes today that executives from China's Beijing Automotive Industry Holding Corporation (BAIC) are touring Volvo's Gothenburg, Sweden, headquarters, with the intention of deciding whether to make a bid [...]
Read More: http://www.leftlanenews.com/beijing-...-in-volvo.html

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sjmmail2000-(E-Mail Removed) wrote:

> Although most of the news lately has been on General Motors' new car brand
> fire sale, Ford has been quietly shopping around its Swedish Volvo unit. News
> comes today that executives from China's Beijing Automotive Industry Holding
> Corporation (BAIC) are touring Volvo's Gothenburg, Sweden, headquarters, with
> the intention of deciding whether to make a bid [...]
> Read More:
> http://www.leftlanenews.com/beijing-...-in-volvo.html

There are apparently two problems with this.

First, China has to approve the sale. It is seeing internal problems of
its own due to the world economy that is making it shy away from such
moves.

The other problem is that BAIC only makes cars for existing
manufacturers, Hyundai and Mercedes-Benz. It has no brands of its own.
Volvo would be its first brand.
--
Cheers, Steve Henning in Reading, PA, USA
Owned '67,'68,'71,'74,'79,'81,'87,'93,'95 & '01 Volvos.
The '67,'74,'79,'87,'95 and '01 through European Delivery.
http://rhodyman.net/homevo.html