Would you like some pork fried rice with that Volvo?

[Ken from RI]

Just read this on CNBC's web site. http://www.cnbc.com/id/31228890. Not sure what this will mean to the Volvo brand if it goes thruogh? :eek:

[ecbsykes]

I hope not... :(

[Forkster]

More from the same article:

But analysts said Chinese firms, burned by past acquisitions that backfired, lack skill and stomach to take over the entire operations of their foreign counterparts, and are more likely bargain hunters for technologies and assets being sold in secondary sales.

"Don't take the reports seriously. Lots of so called Chinese interest are leaked by investment bankers and lawyers trying to drum up deals," said Zhang Xin, an analyst with Guotai Junan Securities.

An industry source told Reuters BAIC was interested in technology and designs which could then be used in its first self-developed car which it hopes to roll out in 2010.

BAIC currently only makes Mercedes-Benz and Accent cars at joint ventures with Daimler AG and South Korea's Hyundai Motor.

"BAIC doesn't even have a in-house design car brand so far. How can anyone realistically expect it to take over and turn around Opel or Volvo?" asked the source, who was not authorised to speak publicly on the matter.

[Chilled Man]

cant be worse then ford owning them