Reported by Autocar.co.uk
>BMW seriously considered launching a takeover bid for Volvo earlier this year, Autocar can reveal.
>The Bavarian car maker requested a complete breakdown of Volvo’s financial position from a European investment bank, which is handling enquiries on behalf of Volvo’s owners Ford.
>Sources also revealed that BMW had earlier looked at Alfa Romeo as a possible takeover target.
>Industry experts have told Autocar that BMW is considering expanding its range of brands to aid the company’s future growth as well as underpinning its front-wheel-drive Mini division by greatly expanding its output.
[ BMW: we’d like to buy VolvoAutocar.co.uk