Ford denies talks to sell Volvo

Ford Motor has denied that it is in talks about selling off its Swedish carmaking division Volvo.

Weekend newspapers reported that Ford had decided to sell Volvo in the last two weeks, but the timing of the sale had not yet been decided.

When Ford offloaded Aston Martin for $848m (£416m) in March it left open the possibility that other parts of its Premier Automotive Group may be sold.

The Premier group also includes Jaguar and Land Rover, as well as Volvo.

Read Full Article from BBC News

- Posted: 2007-07-16 10:13:24

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