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According to a report in the Swedish paper Dagens Industri, there are three companies in the running to buy Volvo. Two of them are Chinese while the third is a "European constellation." Bids are expected to be in by mid-April.
In the meantime, Volvo has asked the European Investment Bank for a $568M loan to keep the lights on.
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jkp1187 says:
12:27 PM, 02/25/09
"Sweden screwed"? Humbug! Sweden would only be screwed if their taxpayers were forced to bailout an unprofitable company instead of letting it fail as it deserves - i.e., like the American taxpayers.
dtmh says:
12:59 PM, 02/25/09
I'm sure Ford would love to sell to a Swedish company but if they don't have a Swedish buyer with a strong offer why would they?
billt9 says:
02:37 PM, 02/25/09
I like Volvo interiors. I bid $100.00 USD.
Call me when I win highest bid. Thanks.
piqui says:
09:27 AM, 05/13/09
Volvo going to the Chinese?...
That will teach the Chinese a lesson!