MotorAuthority

New report says Ford is selling Volvo

Posted Sun Jul 15 2007 8:16 PM by Kenneth Hall

Ford is reportedly selling Volvo in addition to the Jaguar and Land Rover labels in its Premier Auto Group to help raise an extra $8 billion to help fund its turnaround plan and secure its operations. According to sources close to the deal, the decision to sell was made several weeks ago but there’s no final date set for when sale proceedings will commence.

The timing of the sale will depend on how much buyer interest Volvo could raise, according to our friends at

story Tags:

• Ford
• Industry
• Volvo

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