|
Posted: 10:08 AM Dec 1, 2008
Ford May Put Volvo On Sales Block
Cash strapped Ford may sell Swedish subsidiary to raise cash.
Reporter: Associated Press |
|
Ford Motor Co. says it is considering selling Volvo Car Corp. as the struggling U.S. automaker seeks to raise cash and weather the industry crisis.
Ford said Monday it expects its strategic review of the Swedish luxury automaker will take several months.
The Swedish government has said it has been in talks with Volvo and with General Motors Corp.'s Saab unit following reports that the U.S. parent companies were seeking aid for their Swedish carmakers.
Ford, GM and Chrysler LLC will go before Congress on Tuesday to present a proposal for $25 billion in loans to keep them afloat as sales sag.
Ford shares are up 18 cents at $2.87 in morning trading.
|
Popular Searches Powered by Local.com |
- Update: Police Find Missing Child
- Fire Destroys Home In Onondaga
- AT&T Technician Saves Customer's Baby
- Hawk Island Snow Park Fires Up Snow Guns
- Meth Lab Explosion in Clinton County
- State Employee Furlough Days Canceled
- Help for Refinancing Underwater Loans
- Jackson Senior Missing for 2 weeks
- Former Hotel Manager Faces More Sex Charges
- Michigan Signs up for Foreclosure Settlement
- Hoekstra Standing By Super Bowl Ad
14 Comments - Humane Society Blocks Tortured Dog's Return to Owner
9 Comments - Proposed Internet Sales Tax Changes
8 Comments - Lansing Police Taking Crime Reports Online
7 Comments - AT&T Technician Saves Customer's Baby
7 Comments - Update: Police Find Missing Child
7 Comments
| WILX Poll |


