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Ford weighs selling Volvo amid downturn

Published December 1, 2008, 1:24 pm, Business Day

Ford is considering selling Volvo as the beleaguered US automaker seeks to raise cash and survive tight credit markets and a global automotive sales crisis.

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December 1st

Ford considers selling Volvo: Volvo may be on the market after all. Ford said Monday that it is re-evaluating strategic options for its Swedish subsidiary, including a ?possible sale.? Ford said it is considering the move in light of downturns in the auto industry and the global economy. The automaker has been looking for ways to raise cash and streamline operations as it prepares to again ask Congress for federal aid. ?Given the unprecedented external challenges facing Ford and the entire industry, it is prudent for Ford to evaluate options for Volvo as we implement our One Ford plan,? Ford CEO Alan Mulally said in a statement.

Five-star cars' whiplash shock: Euro NCAP is whipping motor manufacturers into shape!The independent crash testing body has introduced a rear impact assessment, to measure the level of whiplash protection a car provides.And the first batch of results has shown a number of models with five-star ratings are falling short of the mark. The Peugeot 308 CC, Ford Kuga and Citroen C5 were all awarded top scores for adult occupation protection ? but were among the bottom five in the new whiplash test.The C5, plus Suzuki?s Splash and Daihatsu?s Terios, picked up zero marks in the study ? while Volvo?s XC60 came top.

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Ford Says It May Sell Volvo, Its Last European Brand: Ford Says It May Sell Volvo, Its Last European Brand

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Volvo 780 Bertone Aut te koop aangeboden > Volvo > Auto's > kapaza.be

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