Volvo CEO calls Ford-Volvo merger a ‘huge opportunity’
Volvo CEO Stefan Rønnquist is predicting that the merger between the automaker and Ford will have “a huge impact on the future of the automotive industry.”
Rønnqvist told Recode that the Ford-Volkow deal is “the biggest opportunity in the history of the automobile industry” and “a massive leap forward in the future” for Volvo.
The Volvo CEO said he believes Ford is “looking to make money,” while the company’s investment in the U.S. will help drive down prices.
Ford has long maintained that the U,S.
is a “golden opportunity” for its American manufacturing operations.
Ford’s U.K. arm, however, has struggled to bring in new orders since the Brexit vote.
Its latest quarterly report shows the company is only able to meet about 3 percent of its target of making up for that shortfall.