Latest News
Automotive supplier, manufacturer and component maker Magna is said to be considering purchasing Land Rover and Volvo.
Parent company Ford confirmed that Land Rover was up for sale in June, and it would be open to offers for its Swedish subsidiary, too.
Magna was one of several firms interested in purchasing Chrysler from Daimler earlier in the year, but failed to buy it. Magna has strong links with Chrysler, and builds many cars, including the 300C, in Austria.
But Magna does also supply components to Land Rover, including the transfer box for the Discovery.
And while it has been thought that Land Rover would be sold as a package with Jaguar, as the two firms share many components, including engines, there are many links between Land Rover and Volvo.
The Discovery, for example, uses electrical components shared with the XC90, while the latest Freelander uses switchgear and other drivetrain parts from the Swedish 4x4.
It is thought that Magna would be especially interested in Land Rover's Solihull and Halewood factories, and Volvo's plants at Ghent in Blegium and Torslanda in Sweden. These are not currently running at full capacity.
Your Say
