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I just found this article in Auto News while looking for some car stuff. I hope you find interesting too.
Ford Motor is in negotiations with a Chinese company to sell its Volvo cars division, the Swedish business publication Dagens Industri reported today on its Web site.
A Russian investor is also believed to be interested in acquiring the division, the report said.
Media reports have suggested that the Chinese company involved in talks is Shanghai Automotive Industry Corp.
A Ford spokesman said: "We have been consistently saying since the end of last year that Volvo is not for sale. We are focused on improving Volvo's business results."
To get updates from the automotive industry, also visit Drive In Tunes
Ford Motor is in negotiations with a Chinese company to sell its Volvo cars division, the Swedish business publication Dagens Industri reported today on its Web site.
A Russian investor is also believed to be interested in acquiring the division, the report said.
Media reports have suggested that the Chinese company involved in talks is Shanghai Automotive Industry Corp.
A Ford spokesman said: "We have been consistently saying since the end of last year that Volvo is not for sale. We are focused on improving Volvo's business results."
To get updates from the automotive industry, also visit Drive In Tunes
