Wednesday, November 14, 2007
Ford to hang on to Volvo
Ford has said it will not be selling Volvo, at least for the time being.
Despite putting its Land Rover and Jaguar marques on the market, Ford seems to want to hang onto the Swedish brand in order to keep a foot in the premium sector.
The carmaker has reported an unspecified financial loss for Volvo, and has said it hopes to improve its productivity and cost structure.
DATED: 14.11.07
FEED: MT
