Sweden's news in English

Editions:  Europe · Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Ford in talks to sell Volvo

Share this article

Ford in talks to sell Volvo
07:31 CEST+02:00
Ford Motors, the American owner of Volvo Cars, has had exploratory talks with French automaker Renault regarding a possible sale of the Swedish car division.

However, the talks halted quickly due to price differences, sources told the Reuters news agency.

The two parties have held another round of talks after initial conversations last autumn, sources said.

Ford is said to have also had contact with China's third-largest carmaker Dongfeng Motor Group, as a possible partner for Volvo.

Ford spokesperson Mark Truby wouldn't comment directly on the matter, but says that "we announced earlier this year that Volvo is not for sale and that we are focused on improving Volvo's business results".

Despite Truby's insistence that Ford has said it has no plans to sell Volvo, the automaker has been having informal talks with interested parties, sources said.

Get notified about breaking news on The Local

Share this article

From our sponsors

New Malmö museum will focus on ‘democracy and migration'

Change starts with one small step, whether it be a large or small scale project, it all requires movement. It's a logic that can be applied to starting a new national museum from scratch, especially one with an innovative theme that is going to take several years to come to fruition.