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Volvo and Saab Look for Safety Net

Ford owns Volvo and GM owns Saab.  The US Congress is certainly not going to bail out Sweden. These brands are not huge, Each sells way less than say Audi. Now the reality of globalization in reverse. Ford acquired volvo along with Aston Martin and Jaguar when it went on a buying spree 15 yerars ago. Now its Premium Group has hit the auction block with Aston and Jag already sold. Story is that volvo would already be sold, if there were a buyer. will the socialist Swedish government step up, these brands are a huge part of their employment and exports, especially for a small country like Sweden.

Globalization works both ways, look at the stock markets in China and Russia.

Here is yet another plan for reviving GM, not bad, will Barack do it?

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2 responses to “Volvo and Saab Look for Safety Net”

  1. Jackie Perez Avatar
    Jackie Perez

    At this point I really wouldn’t be suprised either way. I think they would step up being that it is a huge part of their employment. On the other hand it makes me wonder if they haven’t done it by now there must be a reason.

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  2. Dennis Elam Avatar
    Dennis Elam

    I suspect the Swedish govt wants to see if GM gets the bailout and a little more breathing room, but as you say that would be a last minute event if no bailout
    Again i cannot imagine the Dems disappointing the UAW that has stuck with them thru seven losing presidential elections….including this winnner…time to cash in their IOU

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