Renault, AB Volvo eyeing Ford's Volvo Cars-paper

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Thread: Renault, AB Volvo eyeing Ford's Volvo Cars-paper

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    Renault, AB Volvo eyeing Ford's Volvo Cars-paper

    STOCKHOLM, June 20 (Reuters) - France's Renault (RENA.PA: Quote, Profile , Research) and Swedish truck maker AB Volvo (VOLVb.ST: Quote, Profile , Research) are interested in buying auto maker Volvo Cars from Ford Motor Co. (F.N: Quote, Profile , Research), business daily Dagens Industri reported, citing undisclosed sources.
    World number two truck maker AB Volvo, which sold its autos unit to Ford almost a decade ago, would be likely to take a minority stake in Volvo Cars of around 10-20 percent, the newspaper reported.
    Analysts were doubtful, saying such a move made little industrial sense for AB Volvo.
    "This looks like a bad solution for Volvo's shareholders as there is no real industrial logic in buying a stake (in Volvo Cars) ... I think it would be very strange if they would take such a step", Danske Equities analyst Henrik Breum said.




    http://yahoo.reuters.com/news/articl...mktNews&rpc=44

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    Re: Renault, AB Volvo eyeing Ford's Volvo Cars-paper

    “We are masters of our own destiny,” he said. “We make our own decisions. And we intend to keep it that way.” Bill Ford May/09
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