A ‘DaimlerVolvo’ has been ruled out, according to German reports.
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Daimler has said it had no interest in acquiring the Ford unit Volvo after a magazine reported it had eyed the Swedish firm.
“We were never interested in Volvo,” the spokesman told Reuters when asked about weekly magazine Der Spiegel’s unsourced report that Daimler had carefully looked at a possible deal in recent weeks but had rejected the idea.
A Chinese newspaper last month named Ford’s China partner Changan Automobile Group as a potential buyer while Ford declined to comment.
The Swedish government has said it would provide credit guarantees and emergency loans to its troubled automakers but has no plans to buy stakes in Volvo or GM-owned Saab.
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