Chery approved to purchase Volvo

[SVT666]

Chinese government reportedly approves Chery purchase of Volvo

The current global economy is making it rather difficult for Ford to unload its premium Volvo brand, but it appears as though at least one suitor is interested in the Swedish automaker. If all goes well, Volvo could exchange hands by as early as next month.

According to China?s Oriental Morning Post, the Chinese government has given permission for Chery to purchase the Volvo brand from Ford. Neither side has confirmed the report, but Chery head Yin Tongyao has stated that a Volvo acquisition has not been ruled out.

In addition to Chery, China?s Dongfeng Motor Group and Chongqing Changan are also rumored to be interested in purchasing Volvo.

Although nothing is set in stone at this point, a Chinese purchase of Volvo seems to make sense. Volvo is best known for its safety, with most Chinese automakers known for the complete opposite. A Volvo purchase could go a long way in changing that reputation and would also provide a platform for U.S. sales.

Ford hasn?t publicly announced a price for Volvo, but is believed to be seeking about $6 billion.

[giant_mtb]

Whoah.

[r0tor]

OMFG

[ifcar]

As I understand it, this doesn't mean Chery is buying Volvo. It just means the Chinese government won't stop it from trying.

[Galaxy]

Now, now why are you all so concerned? China did such a wonderful job with Rover.

[93JC]

Yeah but Volvo is good, whereas Rover was decidedly not.

[Eye of the Tiger]

If this jappen, I throw my car on in trashcan

[the Teuton]

Safe:



Chinese:

[2o6]

Safe:



Chinese:

Bull.


The redesigned and western European BS6 got THREE stars in the same test. Not that great, but much better than no stars. The newer BS4 got four stars, IIRC.

[Submariner]

Well...There goes any possibility of me buying a Volvo down the road...

[3.0L V6]

Ford needs that cash desperately.

[Madman]

Nooooooooooooooooooooooooooooooooooooooooooooooooo!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!




Madman of the People

[the Teuton]

Bull.


The redesigned and western European BS6 got THREE stars in the same test. Not that great, but much better than no stars. The newer BS4 got four stars, IIRC.

They must be Brilliant!

[omicron]

Yeah but Volvo is good, whereas Rover was decidedly not.

They should have built me a V8 Coupe:

[Galaxy]

They should have built me a V8 Coupe:

All in all, even without the coup?, the Rover 75 was a decent late 90s mainstream car. The problem was it was their only decent car.









In my opinion it did a better job as a entry lux car then the Jaguar X Type.

[omicron]

It wasn't bad; I hear the MG versions were actually quite decent cars to drive. On overcast days, I sometimes think of getting myself a 75 and scaring youthful brats with my Britishness.

[Colonel Cadillac]

Damn damn damn!

[Secret Chimp]

Volvo hasn't made an interesting car since the 80s.

[Eye of the Tiger]

Volvo hasn't made an interesting car since the 80s.

89, actually

[MX793]

I hope Ford is keeping Volvo's engineers if they're selling the brand.  I'm not sure what they'll do without them.  Essentially the entire FordEU line has a heavy dose of Volvo in it.  C1 had a healthy amount of Volvo input, and EUCD was based on C1 (with even more Volvo input).  Plus you've got FordNA using the Volvo-designed D3.

[Raza]

I won't touch a Chinese owned Volvo.  Call me xenophobic if you wish, but those fuckers are up to something.

[Colonel Cadillac]

I won't touch a Chinese owned Volvo.  Call me xenophobic if you wish, but those fuckers are up to something.

They're slowly starting to buy up Western companies?

[Raza]

They're slowly starting to buy up Western companies?

This is all beginning to look like one of those seasons of 24 when you find out there's a mass Chinese conspiracy to cripple America and then nuke the fuck out of us from the inside. 

I'm not going to say I don't sound crazy, but I won't buy a car from people who, in my opinion, don't seem to care about the value of human life.

[Tave]

I bet half the stuff you own was made in China, you turd.

[Eye of the Tiger]

I bet half the stuff you own was made in China, you turd.

Don't call Raza a turd for something Obama did.

[Raza]

I bet half the stuff you own was made in China, you turd.

Not a problem, since nothing my life depends on is made in China by a Chinese owned company. 

[Tave]

Where did the safety angle come from?

I was talking about your moral indignation:

I'm not going to say I don't sound crazy, but I won't buy a car from people who, in my opinion, don't seem to care about the value of human life.

So you won't buy a car from people who don't value human life, but you'll happily buy stereos, cell phones, jeans, etc...?

[2o6]

Not a problem, since nothing my life depends on is made in China by a Chinese owned company. 

Your iPhone is made in China. The Battery is made by BYD, a chinese company.

[Eye of the Tiger]

It's not just that the cars are made in China - it's that they are designed and "engineered" there.

[Madman]

I'd prefer not to buy ANYTHING from China.  Unfortunately, many times it's impossible not to, since it seems damn near everything is made there.

Cheers,
Madman of the People