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Ford, Short on Cash, Considers Volvo Sale

Monday, 01 Dec 2008 10:16 AM

Ford Motor says it is considering selling Volvo Car 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' Saab unit following reports that the U.S. parent companies were seeking aid for their Swedish carmakers.

Ford, GM and Chrysler will go before Congress on Tuesday to present a proposal for $25 billion in loans to keep them afloat as sales sag.

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Ford Motor says it is considering selling Volvo Car 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...
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