Ford In Talks With Chinese About Volvo Sale

Ford is reportedly negotiating the sale of Volvo to Shanghai Automotive Industry Corp. While no deal has been announced yet, and Ford is officially continuing to say Volvo is not for sale, Kirk Kerkorian, the billionaire investor who recently gained control of 6.5% of Ford shares, has come out in favor of a Volvo divestiture. Considering the performance of Chinese cars in recent crash tests (though not specifically SAIC cars), the logic of purchasing an automaker with a reputation for safe cars is diabolically sound. Chinese world takeover theories begin in five, four, three... [Automotive News (sub. req.)]