Chinese move on world auto brands

volvo logoVolvo

Beijing Automotive Industry Holding Co. is said to be interested in bidding for Ford’s Sweden-based brand. Geely, China’s largest private automaker, is also interested.

Opel

Beijing Automotive tried to acquire GM’s Opel brand in May, but failed.

Hummer

Sichuan Tengzhong Heavy Industrial Machinery Co., a heavy equipment manufacturer, has agreed to buy Hummer from GM at $500 million. The deal, however, may face objections from Chinese regulators.

Saab

If three current bidders can’t finalize a deal, Beijing Automotive also wants to bid on Saab Cars, a Swedish division of General Motors.

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