Beijing Auto expressing interest in Volvo?

Discussion in 'General Motoring' started by sjmmail2000-247, Jun 13, 2009.

  1. sjmmail2000-247

    sjmmail2000-247 Guest

    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-auto-expressing-interest-in-volvo.html
     
    sjmmail2000-247, Jun 13, 2009
    #1
  2. sjmmail2000-247

    Stephen Henning Guest

    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.
     
    Stephen Henning, Jun 13, 2009
    #2
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