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Find out more about Darrell: Darrell Proctor is a publishing industry veteran with more than 30 years' experience writing about business, technology and sports. He spent more than a decade at the St. Petersburg Times and later the Rocky Mountain News, where he authored the Mile High Tech blog and was noted for his reviews of consumer electronics and technology. Questions for Darrell? Drop him a line at techexaminer@gmail.com. |
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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.
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