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Report: Ford's talks with Renault to sell Volvo
Automotive News Europe
July 1, 2008 06:01 CET
NEW YORK (Reuters) -- Ford Motor has had exploratory talks with French automaker Renault to sell Volvo, but the initial talks broke down due to price differences, sources familiar with the matter told Reuters.
The two parties have spoken again after their initial discussions, which were held last fall, the sources said.
Ford has also had talks with China's third-largest automaker, Dongfeng Motor Group, as a potential partner for Volvo, one of the sources said.
Ford spokesman Mark Truby declined to comment directly on the report, but said: "We announced earlier this year that Volvo is not for sale and that we are focused on improving Volvo's business results."
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