Renault reported to have bid for Volvo Cars

BMW_Dude · 10-18-2005, 09:39 AM

11th October 2005

Renault is said to have approached Ford Motor Company with an offer to buy Volvo Cars out of Ford’s PAG brand group, in order to compete with German premium brands as it has been unable to do with its own large models. Ford is said to have declined the offer, but Renault, according to a Vehicle News report, has not abandoned the idea of acquiring a premium brand, such as Saab, since alliance partner Nissan’s premium Infiti brand has no profile in the European market.

Vehicle News also suggests that after considering some kind of financial relationship with DaimlerChrysler last spring, Renault-Nissan CEO Carlos Ghosn has more recently been studying the possibility of forming an alliance with either GM or Ford, with an exchange of shares, on condition that the US Administration undertook to relieve either firm from some of its pension obligations.

Other related stories circulating in automotive media last week included the suggestion that Ford CEO and chairman Bill Ford had approached Carlos Ghosn with an offer to take over his CEO role at Ford – an offer Ghosn had declined. Mr Ford said this week only that he regularly talked to senior executives of other OEMs.

Source = autoindustry

Sorry if this is not new to you, I haven't seen this article on this site....

warot · 10-18-2005, 09:58 AM

Please let them take over Infinity hahahaha. Then we can see what kind of cars come out.

I think even that if they took over Volvo or anything else as a matter of fact, they'll still struggle.

MikeJ · 10-18-2005, 10:24 AM

warot, Renault has taken over Nissan/Infiniti, and with considerable success at that. It's just that the Infiniti brand has not been introduced in Europe and it seems that despite intentions of doing so Renault is now seeking to buy an established luxury brand. Of course, those with long memories will remember that Renault almost bought Volvo back in the early 90's but chickened out at the last moment.

warot · 10-18-2005, 08:45 PM

Quote:

Originally Posted by MikeJ

warot, Renault has taken over Nissan/Infiniti, and with considerable success at that. It's just that the Infiniti brand has not been introduced in Europe and it seems that despite intentions of doing so Renault is now seeking to buy an established luxury brand. Of course, those with long memories will remember that Renault almost bought Volvo back in the early 90's but chickened out at the last moment.

Hey Mike, I thought that they were just close collaborations. Renault doesn't own 100 percent of Nissan does it?

MikeJ · 10-19-2005, 01:05 AM

Probably not, but it sure seems they're callng the shots over there.

Yannis · 10-19-2005, 07:56 AM

I have heard before that Renault wants to buy Volvo, i also believe that they tried to buy SAAB. Since GM has abandoned SAAB i hope they at least sell it to them. They will surely do a better job.

warot · 10-19-2005, 09:09 AM

Quote:

Originally Posted by Yannis

I have heard before that Renault wants to buy Volvo, i also believe that they tried to buy SAAB. Since GM has abandoned SAAB i hope they at least sell it to them. They will surely do a better job.

I agree, it's a total shame of what's happening with Saab. Renault would definitely do a better job as they would take better care of it. GM is just too stretched right now, plus their truck sales are going down

10-18-2005, 09:39 AM	#1 (permalink)
BMW_Dude Aficionado Join Date: Sep 2005 Posts: 4,224 My Mood: Thanks: 265 Thanked 392 Times in 234 Posts	Renault reported to have bid for Volvo Cars 11th October 2005 Renault is said to have approached Ford Motor Company with an offer to buy Volvo Cars out of Ford’s PAG brand group, in order to compete with German premium brands as it has been unable to do with its own large models. Ford is said to have declined the offer, but Renault, according to a Vehicle News report, has not abandoned the idea of acquiring a premium brand, such as Saab, since alliance partner Nissan’s premium Infiti brand has no profile in the European market. Vehicle News also suggests that after considering some kind of financial relationship with DaimlerChrysler last spring, Renault-Nissan CEO Carlos Ghosn has more recently been studying the possibility of forming an alliance with either GM or Ford, with an exchange of shares, on condition that the US Administration undertook to relieve either firm from some of its pension obligations. Other related stories circulating in automotive media last week included the suggestion that Ford CEO and chairman Bill Ford had approached Carlos Ghosn with an offer to take over his CEO role at Ford – an offer Ghosn had declined. Mr Ford said this week only that he regularly talked to senior executives of other OEMs. Source = autoindustry Sorry if this is not new to you, I haven't seen this article on this site....

10-18-2005, 09:58 AM	#2 (permalink)
warot Fanatic Join Date: Sep 2005 Posts: 2,413 Thanks: 31 Thanked 93 Times in 53 Posts	Re: Renault reported to have bid for Volvo Cars Please let them take over Infinity hahahaha. Then we can see what kind of cars come out. I think even that if they took over Volvo or anything else as a matter of fact, they'll still struggle.

10-18-2005, 10:24 AM	#3 (permalink)
MikeJ Fanatic Join Date: Sep 2005 Location: Oulu Posts: 2,049 My Mood: Thanks: 168 Thanked 572 Times in 309 Posts	Re: Renault reported to have bid for Volvo Cars warot, Renault has taken over Nissan/Infiniti, and with considerable success at that. It's just that the Infiniti brand has not been introduced in Europe and it seems that despite intentions of doing so Renault is now seeking to buy an established luxury brand. Of course, those with long memories will remember that Renault almost bought Volvo back in the early 90's but chickened out at the last moment.

10-19-2005, 01:05 AM	#5 (permalink)
MikeJ Fanatic Join Date: Sep 2005 Location: Oulu Posts: 2,049 My Mood: Thanks: 168 Thanked 572 Times in 309 Posts	Re: Renault reported to have bid for Volvo Cars Probably not, but it sure seems they're callng the shots over there.

10-19-2005, 07:56 AM	#6 (permalink)
Yannis Philosopher Join Date: Sep 2005 Posts: 7,198 My Mood: Thanks: 1,243 Thanked 1,230 Times in 702 Posts	Re: Renault reported to have bid for Volvo Cars I have heard before that Renault wants to buy Volvo, i also believe that they tried to buy SAAB. Since GM has abandoned SAAB i hope they at least sell it to them. They will surely do a better job.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode