F&I Management & Training

Ford Motor Company has begun seeking indicative bids from potential buyers of Volvo in a sale expected to last until late this year. The auction will be complicated by questions hanging over the state of the global car market and Ford's own finances. The Chinese government's ambivalence over foreign acquisitions by its fledgling car companies, at a time when it is calling on them to consolidate at home, adds another layer of uncertainty. It is understood that there have been tentative inquiries in acquiring Volvo from at least three Chinese carmakers.

DATED: 12.03.09

FEED: AW