Loading…
Saturday, October 25, 2014
Current Weather
Loading Current Weather....
Published: Tuesday, 7/8/2008

Ford mum on report that Chery wants Volvo

DEARBORN, Mich. Ford Motor Co. refused yesterday to comment on a Chinese business journal report that China s Chery Automobile Corp. is interested in buying Ford s Volvo unit.

Caijing Magazine quotes unidentified sources as saying Chery is looking for bank and private-equity financing for a possible bid for Volvo.

Mark Truby, a Ford spokesman said yesterday the automaker decided last year to concentrate on improving Volvo s business performance rather than selling it.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.