Financial Times FT.com

Geely faces US-led rivals in Volvo battle

By Andrew Ward in Stockholm and John Reed in London

Published: October 4 2009 22:31 | Last updated: October 4 2009 22:31

A US-led consortium is challenging Geely Automobile of China in the race to buy Volvo, the lossmaking Swedish carmaker, from Ford.

The Crown consortium is fronted by Michael Dingman, a former Ford director and veteran turnround specialist, and Shamel Rushwin, a former executive at Ford and Chrysler, according to people close to the sale.

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