Auto Service World
News   October 28, 2008   by Auto Service World

Ford looks to sell Volvo to BMW

Ford Motor Co. and BMW AG executives are discussing Ford’s sale of the Swedish carmaker Volvo to the German company, The Times of London reported Sunday.
The British newspaper cited unidentified sources and said Ford and BMW executives denied the discussions.
A Ford spokesman did not immediately respond to requests today for comment. BMW spokesman Marc Hassinger denied the two automakers were having “talks or preliminary talks” about Volvo.
Two years ago, Ford and BMW discussed a collaboration involving Ford’s Jaguar and Land Rover brands, the newspaper reported. Ford sold the British brands this year for US$2.3 billion to Tata Motors, India’s top automaker.
Ford Motor’s 2008 U.S. sales dropped 18.4 per cent through September from the same period the previous year.
Through September, Volvo’s U.S. sales fell by more than a quarter from the first nine months of 2007, and the Swedish company has cut almost 6,000 jobs since June.

Print this page


Have your say:

Your email address will not be published. Required fields are marked *