Chinese companies in running for Volvo

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Ford is trying to recoup its initial $6.45 billion investment Volvo by selling the brand. That seems like a challenge in this market, but it looks like several Chinese companies are in the running.

Well, today we have word via Chinese news reports that Chery, for one, has been given the greenlight to enter the Volvo lottery by the Chinese government. Other interested parties are rumored to be Dongfeng Motor Group and Chongqing Changan Automobile Co, along with a “European constellation,” whatever that means.

This would be a nice shot in the arm for Ford. In one sense it’s distressing to see the Chinese scooping up brands around the world, but that’s not a problem if Ford gets a fair price.

  

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