Losing bidder for Opel to submit an offer for Volvo

Article by Christian Andrei, on August 25, 2010

Whichever company loses the bid for Opel/Vauxhall will get an invite from Ford to submit an offer for Volvo, the Wall Street Journal reports. Many companies are interested in Volvo but Ford is hoping to get a better price for it and has been stalling to sell the brand. It is resisting efforts from Chinese manufacturers, including BAIC and Geely.

Only two companies are now vying to buy OpelVauxhall. Ford is reported to be closely watching the competition between RHJ International and Magna.

According to the source who spoke to the Wall Street Journal, nothing will happen to the Volvo bidding for another 3-4 weeks, the timeframe in which the winning bidder for Opel/Vauxhall will be announced.

It can be recalled that Ford put up the Volvo brand for sale last December. Amid industry-wide record low vehicle sales, Ford had been aiming to raise cash and cut costs.

Ford chief financial officer Lewis Booth recently confirmed that it was in talks with a number of parties. BAIC, which also placed a bid for Opel/Vauxhall but failed, has the support of the Beijing municipal government. Meanwhile, Geely has long been known to have made a cut-price bid for the firm.

Topics: volvo, opel

If you liked the article, share on:


Login or Create new account to add a comment!


Tesla is making sure that all models under production will receive the necessary advanced hardware that will allow them to be autonomously driven. The fitment of these advanced hardware to...
by - October 27, 2016
Wondering how fast the 2017 Chevrolet Camaro ZL1 in actual driving? To provide customers a good idea on how fast the 2017 Camaro ZL1 could really get, Chevrolet recently had...
by - October 27, 2016
So, it is official! The new Honda Clarity FCV has the longest verified range of any zero-emissions vehicle currently on the road in the United States. One of the main...
by - October 27, 2016
Many have been anticipating Mercedes-Benz Vans’ newest luxury pickup truck, the X-Class. While Mercedes-Benz has yet to reveal the official production version of the X-Class, it was kind enough to...
by - October 27, 2016
We’ve seen quite a lot of intriguing stories in the age of Internet (where the most interesting part was revealed before the story unfolds). Some are from movies and novels...
by - October 26, 2016