A NEW CHALLENGER has entered the race to buy Volvo, with the US-led Crown consortium preparing to take on the current frontrunner, Chinese carmaker Geely.

Financial Times reports that the Crown consortium is lead by Michael Dingman and Shamel Rushwin, both former Ford high-ups and - in Dingman’s case - a veteran turnaround specialist.

The group [...]

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Back in 2007, Ford announced it would not be selling Volvo, as it worked to move the Swedish carmaker to a more efficient and independent system. But a lot of things have changed since.

With 2009 bringing with it the full impact of the global economic crisis, Ford HQ has a vastly different view of the [...]

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