Ford and Volvo to Split?

By Andy Y - December 1st 2008

According to Reuters, Ford Motor is looking to sell Volvo.  It’s no surprise, Ford is in dire need of cash. 

Ford bought Volvo back in 1999, however, sales in 2008 are down 28% (as compared to 2007).  Some of the possibilities for Volvo include a spin-off into its own entity, or, selling Volvo to a buyer such as Tata of India. 

Apparently the Swedish government is involved at this point, rumor has it there could be temporary State ownership of Volvo.  (GM is having discussions with the Swedish government about helping divest their ownership in Saab as well).

You can read the full Reuters report here.

0 User Comments

Sign in to comment