Ford Reporter

In 1999 Ford bought Volvo for $6.4 Billion and now, in plain crisis they want to sell the Swedish brand for $6 Billion in an attempt to cut the costs. Well, Volvo isn`t exactly the hottest catch since the entire auto market is struggling to stay alive and the reported sales were down 24% in the third-quarter. Volvo has cut thousands of jobs and has been in recent talks with the Swedish government about some financial support. A few buyers already made their appearance:SAIC Motor Corp from China,Hyundai Motor Co., from South Korea and the Swedish government which can become the temporary owner until a suitable industrial buyer is found.
We hope the best for Volvo since they gave us a few cool cars: S60, S80, XC90,etc.