The negotiations began, and Gabriel He took Jiang Weimin and a small team to Ford, hoping to acquire Volvo. Ford had not expected this, but for businessmen, this was not difficult to understand.
The other party did not refuse directly. Instead, they negotiated with Gabriel He. Volvo was actually not of much use to Ford. They had acquired it for several years and they were now clear about Volvo, especially the technology that Volvo had mastered before. Selling it now was not a problem for Ford.
Of course, we are not facing an economic crisis yet, but Ford's financial situation is not good either. It is not impossible to sell it, but the price needs to be discussed carefully.
They originally purchased Volvo Cars from the Volvo Group at a cost of US$6.5 billion, so the current price must not be low.
Gabriel He is certainly not a sucker. How much technology did Ford get from Volvo Cars, and how much R&D costs did it save?
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