Rumors: Ford interested in selling Volvo. BMW an interested party.

navdeep · 29th May 2007, 10:00

The Goteborgs Posten daily has reported in a news item on their website that the US based automaker Ford is considering selling off their Volvo division.

One of the parties said to be interested in acquiring Volvo from Ford is German maker of luxury cars BMW.

The news item cited a source within Ford who said that BMW is studying a possible purchase of Volvo.

There have been market reports in the past suggesting that BMW was in informal talks to buy Volvo from Ford Motors.

A Volvo spokesperson had nothing to say: “We cannot comment on speculation, this is a question for our owner.”

Ford had originally acquired Volvo in 1999. Volvo is now part of the Ford’s Premier Automotive Group which also include their other owned brands including Jaguar and Land Rover.

Rumors: Ford interested in selling Volvo. BMW an interested party.

benbsb29 · 29th May 2007, 10:02

Navdeep, whats this doing in the "Indian Car Scene" ? Should ideally have been in the "International Scene".

mail4ajo · 29th May 2007, 10:15

Ford has been on a selling spree. I heard they sold their components division in India, Visteon.

Mayavi · 29th May 2007, 21:44

They will be selling Aston Martin in another year or so.

theMAG · 29th May 2007, 21:47

How ironic it should be if Volvo CV buys Volvo Cars from BMW in turn.

Aditya · 29th May 2007, 21:52

Quote:

Originally Posted by Mayavi

They will be selling Aston Martin in another year or so.

They've already sold Aston Martin to Prodrive for £479 million in March 2007.

Mayavi · 29th May 2007, 23:15

Quote:

Originally Posted by Aditya

They've already sold Aston Martin to Prodrive for £479 million in March 2007.

They did

I only read last month that they have shelved their plans to sell Aston. May be I read last years news paper

iraghava · 30th May 2007, 02:04

I don't really see how Volvo can fit in with BMW's product lineup. Last thing they need is more competition in house & mark my words, after the Rover disaster BMW will think 10 times before acquiring any other company.

devarshi84 · 30th May 2007, 10:23

It will be an even bigger disaster for Ford to sell Volvo. Its not some Aston Martin where you have to put more and more money. Volvo is an asset that ford should never let go of.

Aditya · 30th May 2007, 11:06

Quote:

Originally Posted by devarshi84

It will be an even bigger disaster for Ford to sell Volvo. Its not some Aston Martin where you have to put more and more money. Volvo is an asset that ford should never let go of.

It's also the only group in Ford's PAG which is making any profit. Jaguar and Land Rover are just losers.

amit · 30th May 2007, 13:24

I hope Volvo isn't bought over by some Chinese company.

Though it's next to impossible, I hope GM doesn't buy it either. They made a mess of Saabs.

theMAG · 30th May 2007, 13:48

Quote:

Originally Posted by amit

I hope Volvo isn't bought over by some Chinese company.

We share hopes there. Yet, I wouldnt be surprised if a Chinese consortium turned up as the biggest bidder. And then redefine "Volvo" like SAIC did MG.

ajmat · 30th May 2007, 15:31

Ford need Volvo for two reasons

Ford use Volvo's resourcces for safety validation
Volvo provides an upmarket lbabel for Ford - beyond the Mondeo, the Ford brand is zilch in that segment

1100D · 30th May 2007, 19:43

I agree that Volvo is an asset, safety validation etc. But how many people WANT to buy a VOLVO.

Steeroid · 30th May 2007, 19:55

Quote:

Originally Posted by 1100D

But how many people WANT to buy a VOLVO.

A lot more than would (outside the US of A) would want to buy a FORD, anyway. Or a Lincoln, or a Mercury.

They're selling at the wrong time, though - Volvos have just started looking better and almost natty in some cases. They're no longer an 'UGH'!

29th May 2007, 10:00	#1
navdeep BHPian Join Date: Sep 2006 Location: Pune Posts: 892 Thanked: 4 Times	Rumors: Ford interested in selling Volvo. BMW an interested party. The Goteborgs Posten daily has reported in a news item on their website that the US based automaker Ford is considering selling off their Volvo division. One of the parties said to be interested in acquiring Volvo from Ford is German maker of luxury cars BMW. The news item cited a source within Ford who said that BMW is studying a possible purchase of Volvo. There have been market reports in the past suggesting that BMW was in informal talks to buy Volvo from Ford Motors. A Volvo spokesperson had nothing to say: “We cannot comment on speculation, this is a question for our owner.” Ford had originally acquired Volvo in 1999. Volvo is now part of the Ford’s Premier Automotive Group which also include their other owned brands including Jaguar and Land Rover. Rumors: Ford interested in selling Volvo. BMW an interested party.
	() Thanks

29th May 2007, 10:02	#2
benbsb29 Team-BHP Support Join Date: Nov 2006 Location: Brisbane Posts: 9,971 Thanked: 13,260 Times View My Garage	Navdeep, whats this doing in the "Indian Car Scene" ? Should ideally have been in the "International Scene".
	() Thanks

29th May 2007, 10:15	#3
mail4ajo Senior - BHPian Join Date: Mar 2006 Location: San Antonio, TX Posts: 1,957 Thanked: 331 Times View My Garage	Ford has been on a selling spree. I heard they sold their components division in India, Visteon.
	() Thanks

29th May 2007, 21:44	#4
Mayavi BHPian Join Date: Apr 2007 Location: Scottsdale Posts: 682 Thanked: 9 Times View My Garage	They will be selling Aston Martin in another year or so.
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29th May 2007, 21:47	#5
theMAG Distinguished - BHPian Join Date: May 2006 Location: Avon, CT Posts: 7,217 Thanked: 1,808 Times View My Garage	How ironic it should be if Volvo CV buys Volvo Cars from BMW in turn.
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30th May 2007, 02:04	#8
iraghava Senior - BHPian Join Date: Oct 2005 Location: Bhaiyyaland Posts: 8,033 Thanked: 265 Times View My Garage	I don't really see how Volvo can fit in with BMW's product lineup. Last thing they need is more competition in house & mark my words, after the Rover disaster BMW will think 10 times before acquiring any other company.
	() Thanks

30th May 2007, 10:23	#9
devarshi84 Senior - BHPian Join Date: Jun 2005 Location: Ahmedabad - Tor Posts: 4,024 Thanked: 211 Times View My Garage	It will be an even bigger disaster for Ford to sell Volvo. Its not some Aston Martin where you have to put more and more money. Volvo is an asset that ford should never let go of.
	() Thanks

30th May 2007, 13:24	#11
amit Senior - BHPian Join Date: Feb 2004 Location: Mumbai Posts: 3,717 Thanked: 449 Times	I hope Volvo isn't bought over by some Chinese company. Though it's next to impossible, I hope GM doesn't buy it either. They made a mess of Saabs.
	() Thanks

30th May 2007, 15:31	#13
ajmat Team-BHP Support Join Date: Feb 2004 Location: Bangalore Posts: 14,887 Thanked: 28,113 Times View My Garage	Ford need Volvo for two reasons Ford use Volvo's resourcces for safety validation Volvo provides an upmarket lbabel for Ford - beyond the Mondeo, the Ford brand is zilch in that segment
	() Thanks

30th May 2007, 19:43	#14
1100D Senior - BHPian Join Date: Jun 2006 Location: Calcutta Posts: 4,390 Thanked: 4,097 Times View My Garage	I agree that Volvo is an asset, safety validation etc. But how many people WANT to buy a VOLVO.
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