Rumor: Fat Lady Still Quiet, Swedish Group To Bid For Volvo

August 18, 2009

It's been widely reported that Chinese automaker Geely is putting the finishing touches on an offer to purchase Volvo -- and frankly, when we saw yesterday's release about Chinese astronauts' love for the Volvo S80L, we thought the deal was done. However rumors have surfaced that a group of Swedish businesses, called Konsortium Jakob AB, is aggressively raising funds for its own bid. There are even rumors that Volvo Truck Corp. has put money in the kitty, though the company denies it. That's an awful lot of speculation so early on a Tuesday morning. [AutoCarUK]

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