While Ford has officially had Volvo under strategic review since late last year, the American carmaker has yet to confirm its specific plans for the Swedish brand.

There have been numerous reports of Ford’s intent to sell to “strengthen its balance sheet” and numerous reports of possible buyers for the brand. But Ford has remained relatively tight-lipped [...]

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Last month we reported that Ford is looking likely to sell off Volvo, and that certain Chinese brands are reportedly interested in adding the prestigious European badge to their portfolio.

Today news has come in that the Chinese government has approved Chery’s bid to take the Swedish automaker off Ford’s hands.

However, government approval or not, Chery [...]

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