While some pundits like to link Mercedes-Benz's owner to possible acquisition of other auto companies, Daimler shoots down the rumors with a booming “No, we are not interested.” Well, the company says it is not interested in purchasing Volvo from Ford. “We were never interested in Volvo,” said a Daimler spokesperson.
Daimler found a need to let its true feelings known after the German magazine Der Spiegel reported that it was interested in buying the Swedish company.
Meanwhile, a Chinese newspaper reports that Changan Automotive Group of China is interested in buying Volvo and so far neither Changan nor Ford have commented on the story.