Monday, July 16, 2007
Ford prepares to sell Volvo
fFord may be preparing to sell Volvo to raise $8bn (£4bn) following record losses of $12.7bn last year, according to media reports.
There is speculation the decision was taken a couple of weeks ago to offload the Swedish brand as part of a dismemberment of the Premier Automotive Group, following the sale of Aston Martin and the decision to consider bids for Jaguar and Land Rover.
DATED: 16.07.07
FEED: MT
