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Former Ford execs bid for Volvo

Posted Oct 6th 2009 6:30PM by Trey Thoelcke (RSS feed)
Filed under: Ford Motor (F)

Ford Motor Co. (NYSE: F) has been looking to sell its beleaguered Volvo unit since last December and reportedly hopes to narrow the field of bidders this month.

One of the leading contenders is the Crown group, which is led by former Ford director Michael Dingman and former Ford labor executive Shamel Rushwin. Crown entered the talks about two months ago, and it hopes to attract former Volvo executives such as one-time CEO Roger Holtback as equity partners.

Continue reading Former Ford execs bid for Volvo

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