With Jaguar Land Rover sold to India’s Tata, Ford’s attempts to lean up even further and go solo are still in progress. However the sale of Volvo is proving to be a little more challenging than originally thought.
According to newspaper reports in Sweden, China’s Geely Automotive is currently the only company to have submitted a valid offer for Volvo. The Swedish brand has been losing money for some time and was put up for sale by Ford more than nine months ago.
The blue oval is expected to announce which suitor it has chosen to begin final takeover negotiations with some time this month and the hand over should be finalised before the year’s end.