Ex-Ford director to make rival bid to Geely's
24 November 2009

A new bidder for Volvo has emerged, according to reports in the Swedish press.

Volvo owner Ford recently named Geely as its preferred bidder, but reports suggest that a US consortium called Crown is planning a rival bid.

Crown is fronted by former Ford board member Michael Dingman, and has backing from Swedish investors.

Reports put Crown's bid at around $2.5 billion. Ford has insisted that it has yet to reach a price with Geely, as it is still negotiating over sale details.

Dingman served on Ford's board from 1981 to 2002, when he reached its mandatory retirement age.

Twitter - follow autocar.co.ukSee all the latest Volvo reviews, news and video

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Lexus LC500
    Car review
    20 October 2017
    Futuristic Lexus LC coupé mixes the latest technology with an old-school atmospheric V8
  • Maserati Levante S GranSport
    First Drive
    20 October 2017
    Get ready to trade in your diesels: Maserati’s luxury SUV finally gets the engine it’s always needed
  • Jaguar XF Sportbrake TDV6
    First Drive
    19 October 2017
    The handsome Jaguar XF Sportbrake exhibits all the hallmarks that makes the saloon great, and with the silky smooth diesel V6 makes it a compelling choice
  • Volkswagen T-Roc TDI
    First Drive
    19 October 2017
    Volkswagen's new compact crossover has the looks, the engineering and the build quality to be a resounding success, but not with this diesel engine
  • BMW M550i
    First Drive
    19 October 2017
    The all-paw M550i is a fast, effortless mile-muncher, but there's a reason why it won't be sold in the UK