Volvo to stay in America: Crown investments with Volvo offer on table

posted: Monday 23 November 2009 by Alison in: Ford Volvo Estates

American investment group Crown, headed by former Ford president Michael Dingman, could put an offer on the table to buy Volvo, although a sale to Chinese company Geely seemed in the bag. Geely has been Ford’s preferred purchaser, although there have been industry concerns about selling Volvo to Asian interests, and losing possible brand image, intellectual property rights and technological know-how. The move could be a win for American patriotism if Ford were to prefer a home grown purchaser.

Reports say that Crown group could also enlist the support of Swedish investors and offer up to two billion dollars for the brand - a similar amount to what is on the table from Geely. In the meantime, the guys at Swedespeed have produced these renderings of what they think the V60 station wagon would look like, with a V60R sport wagon rendering, too.

Volvo V60 wagon renderings