Chinese automaker Chery Automobile is still interested in acquiring a foreign car brand but isn't interested in a major contest to do so, its top executive said on Thursday.
Chinese automaker Chery Automobile is still interested in acquiring a foreign car brand but isn’t interested in a major contest to do so, its top executive said on Thursday.
“We may consider a takeover if no one – no other Chinese automakers – are interested. We won’t fight for it,” chairman Yin Tongyao told Reuters as Chery introduced two new sub-brands in China.
Local rivals Changan Automobile and Geely Auto have shown interest in Ford’s Volvo, according to recent media reports though Geely has denied this.
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