U.S. group Crown plans Volvo cars bid-paper

Newswire

STOCKHOLM, Nov 21 (Reuters) - A U.S.-led group will make an offer for Ford-owned Volvo cars next week, rivalling a bid already on the table from China's Zhejiang Geely Holding Group , the daily Dagens Industri reported on Saturday. The U.S. consortium, called Crown, is led by former Ford Motor Co director Michael Dingman, but has backing from Swedish investors, Dagens Industri wrote. Zhejiang Geely Holding Group, the parent of Geely Automobile, was named by Ford as a preferred bidder for ...

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