Changes in the global auto industry during the 1980s and 1990s meant that many smaller players would have to merge in order to survive. Although Saab and Volvo were building the cars that consumers wanted and needed, their long term survival was in jeopardy. Questions regarding the costs involved in modernizing factories, streamlining production, updating models, and expanding their respective markets became paramount in the decision that both companies made to seek outside assistance. Fortunately, two American suitors were found that have allowed these Swedish automakers to continue production unabated while allowing for a much needed infusion of cash.
Volvo - When Ford Motor Company purchased Volvo's car division in 1999 [Volvo's truck division was not part of the deal], many felt that an important era in Volvo engineering would come to an end. Fortunately, they have been proven wrong. Even more so than GM, Ford has allowed Volvo to exercise significant independence and has adopted Volvo engineering and safety practices to other Ford models quite successfully. Most new Volvo models are Volvo inspired with the U.S. automaker benefiting by the sharing of important resources. One exception is Volvo's new CX50 SUV which will be sharing the same platform as the Land Rover Freelander and the Ford Mondeo, but beyond that the rest of the vehicle is all Volvo engineering. Volvo's influence on Ford has extended to the new Ford Five Hundred sedan, which borrowed Volvo's front wheel drive chassis because it could be easily converted to an all wheel drive chassis, an important selling point.
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