BRUSSELS - Several automakers would be tempted if Volvo Car Corp. is for sale, said a London analyst.
Press reports last week said the Swedish automaker is exploring the sale of its passenger-car business. Ford Motor Co. and Fiat S.p.A. have been mentioned as possible buyers.
John Lawson, an analyst at Salomon Smith Barney in London, said Ford and Fiat would take serious looks.
'You don't get many opportunities like this,' he said. 'Unlike other properties that have come up for sale, this one is not on its knees.'
Volvo, Fiat and Ford would not comment on the reports. Fiat CEO Paolo Cantarella said his company is 'talking to everyone.'
The Financial Times said Volvo has hired J.P. Morgan & Co. of New York to investigate a sale or merger of Volvo Car.
Some analysts said the sale of Volvo Car would allow AB Volvo to invest more heavily in its commercial vehicles unit, which accounts for 60 percent of AB Volvo revenue.
Analysts also noted Volvo is ripe for merger because of its small size.