Tuesday, July 8, 2008

Chery Auto considering bid for Volvo


Remember the manufacturer that copied the Chevrolet Spark/Daweoo Matiz ?

Thou denied by both Chery and Ford spokesperson, sources have said that Chery had spoken to a few financial institutes and banks for a possible financing for a takeover bid.

Ford had repeatedly spoken that they will focus on Volvo rather than selling it.

We would reserve our comments on their response as we know Ford is still having massive trouble fixing themselves. However, is it a welcomed sight?

Related Post:

Ford Selling Volvo? Or Not?