Ford is having trouble offloading its failing Volvo subsidiary but the company is determined to sell and in spite of the tough economic conditions still has several potential buyers. According to latest reports, however, the only potential buyer that has so far placed a bid for the Swedish automaker is China’s Geely.
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There is a growing list of potential Saturn suitors that includes Detroit auto tycoon Roger Penske, who is interested in tapping the brand’s dealer network and possibly finding a foreign manufacturer to make new vehicles.

Penske and Saturn may join a venture with Nissan Motor Co., the Japanese affiliate of Renault, Bloomberg News reported Wednesday.
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