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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Earlier this year Audi’s plans for a lighter pair of next-generation S4 and S5 performance variants were revealed. Now Volkswagen has been tied to a similar program with its popular Golf platform.
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Ford was the only of the Big Three not to take a federal bailout loan, but that doesn’t mean the Michigan automaker isn’t looking for a little extra cash. In a bid to raise capital, Ford could begin shopping its Volvo brand as early as next month.
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