Search articles from thousands of Examiners
Write for us
Honolulu Business and Finance Business Examiner
Business Examiner

Ford may sell Volvo in effort to raise cash

December 1, 10:35 AMBusiness ExaminerDarrell Proctor
Comment Print Email RSS Subscribe

Subscribe


Get alerts when there is a new article from the Business Examiner. Read Examiner.com's terms of use.
Email Address


  Include other special offers from Examiner.com
Terms of Use

Ford Motor Co. is looking at many options as the struggling automaker attempts to raise cash. Reports today say Ford is considering selling Volvo, its Swedish subsidiary.

Ford executives would not talk about how selling Volvo would impact either company.

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." - Alan Mulally, Ford CEO, in a written statement

Ford has been reviewing its Volvo business for more than a year, and has already moved to make Volvo a standalone company. It's one of several things the Dearborn, Mich-based automaker has been looking at to ride out the current economic turmoil in the industry.

 
More About: autos

Add a Comment

Name:


Comments:
characters left

NOTE: Do Not Alter These Fields:

Recent Articles

Monday, December 8, 2008
Economic analysts expect it will be several months before the economy improves.Count President-elect Barack Obama among them. He has plans to get the …
Sunday, December 7, 2008
Want to help charities and nonprofits this holiday season? More than 70,000 nonprofits have joined with Goodsearch.com, which along with GoodShop.com …

Things to see and do

Fee Free Park Day
11 Nov 2009 - 8 am
USS Arizona
More special event »
Fee Free Park Day
Hawaii Volcanoes National Park
Tot Spot
Children's Discovery Center