Sunday, July 19, 2009 4:19:27 AM
In 1999, Ford spent $6.49 billion for Volvo. It was their attempt to enter the high-end market of Europe. However, Volvo always ran at a loss. According to some analysts, the market value of Volvo is already less than $3b. The actual purchase price might be lower than $1.5 billion.
from june, but the research about volve should remain the same. If they actually do bid 2 billion.
http://www.thetruthaboutcars.com/volvo-bought-by-geely/
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