Volvo Europe Recalls 21,000 C30, S40, V50

As if the difficult times weren't enough, the Swedish struggling automaker Volvo is now forced to recall around 21,000 units on the Old Continent after discovering a potential malfunction of the cooling fans. According to thelocal.se, the car manufacturer will inspect the cars and decide whether the fans work correctly and repair them if needed.

"There is a control module in the cooling system and because there was a manufacturing problem with this module... water might get into it and in the worse case scenario lead to short circuits," spokesperson Maria Bohlin was quoted as saying by AFP.

Furthermore, Bohlin explained that no injury has been reported so far but insisted that owners of the affected models must contact the closest dealerships as soon as possible.

The glitch affects four-cylinder diesel flavors of three Volvo models: C30 hatchback, S40 compact sedan and V50 estate.

Aside from this report, Volvo's parent company Ford is still seeking outside investors. Although there were a lot of rumors pointing to several companies that might purchase the majority stake in Swedish automaker, no outside firm actually confirmed them. Furthermore, Ford repeatedly said it is in advanced talks to sell Volvo but, once again, no names were unveiled.

"We've had contact with a number of parties who've expressed interest concerning the future of Volvo. Ford's been pleased with the number and quality of those parties," John Gardiner, Ford's European director of strategic communications said, citing a message sent to Volvo employees.

"We've had preliminary discussions to determine the level of interest in the Volvo business that they have and we're now talking in more detail to those parties about the future for Volvo."