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Consortium of employees thought to be planning Volvo buyout

  • 16-08-2009 2:55am
    #1
    ninty9er
    Registered Users, Registered Users 2 Posts: 9,366 ✭✭✭


    Just as we have another thread on the company, it seems it is in with a chance of salvation from the mass production mish mash that it has seen in recent years.

    Engineers at the company have registered a consortium willing to pay Ford €1.45bn to save it from the desperate fate of Chinese ownership.

    http://www.france24.com/en/20090815-volvo-engineers-seeking-buy-carmaker-ford-report


Comments

  • #2
    VolvoMan
    Closed Accounts Posts: 3,309 ✭✭✭VolvoMan


    That's great news!

    Even if they aren't successful in their bid they might at least help steer the company away from Chinese ownership.


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