Odds and ends about cars and the car business
By Autosavant staff writers
BMW and Ford in Talks regarding sale of Volvo – London’s Sunday Times reported that Ford is in talks with BMW about the possible sale of Volvo. Such rumors also surfaced earlier this year, though they were quickly discovered to be unfounded.
From Ford’s perspective, the main reason behind the sale would be to raise cash, which has lately become a popular reason for US automakers to sell their assets. Sources close to both automakers indicated that talks have taken place, though a BMW spokesperson flatly denied the suggestion.
Reports from Göteborg in the past several months have shown there to be low morale among factions within Volvo, and many Volvo employees would like to see Ford sell their company. Since BMW is known for manufacturing high-quality cars which are enjoyable to drive, many Volvo enthusiasts would love to see the Swedish brand under the BMW umbrella, with the hopes that such a union would lead to Volvo vehicles capable of shaking the brand’s stodgy image.
VW hints that the Scirocco may be sold in the US – After reversing itself on this issue several times, VW is now saying that the new Scirocco may show up in the US after all, and as early as 2009 calendar year. The main issue holding the Scirocco back previously was the negative dollar/euro valuation, and that has largely mitigated itself as a result of recent market conditions. If the Scirocco does get sold here, it will be higher-priced and higher performance than the GTI so as to not cannibalize sales from the current VW performance icon. The appearance of the Scirocco after a 16-year absence would be warmly greeted by performance enthusiasts in the US. Continue Reading →