Stockholm - Chinese group Geely was Friday again reported to be the main contender for Volvo Cars, a subsidiary of US automotive giant Ford. According to a report in the Wall Street Journal, Geely Holding Group has offered 2.5 billion dollars for the Swedish carmaker.
Volvo Cars chief executive Stephen Odell told Swedish radio news: "I won't comment on rumours. I will comment on facts when I have it, and the employees will hear from me first."
Union representatives at Volvo Cars have expressed doubts about Geely as an owner, citing that the Chinese group lacked experience.
Mikael Sellstrom of the blue-collar union told the broadcaster that unions were kept in the dark about Geely's possible plans for Volvo.
Ford, which bought Volvo Cars in 1999, earlier this year said it wants to sell the Swedish carmaker that has its main base in the Swedish west coast city Gothenburg.
Another Chinese group, Beijing Automotive Industry Holdings (BAIC) has recently been linked to Volvo's Swedish rival, Saab Automobile.
BAIC was according to a memorandum of understanding to become a minority owner in the Koenigsegg Group - a consortium structured around a low-volume Swedish sportscar maker that is vying for Saab, which US group General Motors (GM) wants to sell.
GM's interest in Saab - one of Europe's smallest carmakers - dates back to the early 1990s. The company took full control in 2000.
