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View Full Version : Ford explores sale of their Volvo Division


XDCX
12-02-2008, 09:27 AM
Despite statements to the contrary as recently as a month ago, Ford has indicated that they're exploring the possible sale of their Volvo Division.

Here's a link to the news report: http://money.cnn.com/news/newsfeeds/articles/djf500/200812011344DOWJONESDJONLINE000511_FORTUNE5.htm

Ford purchased the Volvo Division in 1999 for about $6.5 Billion - experts indicate that they would be lucky to get $2 Billion for the division today. Making a bad situation worse, Volvo has been losing money - over $458 Million in the most recent quarter.

The most obvious buyer, Volvo's Truck Unit, has indicated that they have no interest in re-purchasing the Volvo Automobile Division from Ford.