Ford Motor Argues News will Sell Volvo

Ford Motor Argues News will Sell Volvo

DETROIT – Ford Motor Co argues news mentioning the company will sell its(the business unit Volvo. Ford ascertains up to now there is no at all negotiation with other party to sell automotive company in Swedia.

Before All The Sunday Times, by citing source in London, reports on that Ford Motor Co will sell Volvo. But, has not been obtained certainty when the sale will be realized. The same thing also written by The New York Times.

However, mouthpiece Ford Tom Hoyt to Associated Press ( AP), Monday ( 16/7/2007), argues all speculations about sale of Volvo. “ Which I know, we do not make negotiation with whoever to talk about future Volvo,” says Hoyt.

Rumors about sale of this Volvo arises after company being based on in Detroit releases ownership of share in sport car factory Aston Martin Luxury at March with the price of USD848 million. Ford at December have also finalized its(the restructuring program for the price of USD23,4 billion. The that is one other causing the company notes loss.

Ford acquisition Volvo from company Swedia Volvo AB by 1999 with value USD6,45 billion. Last month, Ford express will do review to position of automotive company becoming its(the group releasing brand Jaguar and Land Rover, where speculation circulating Ford will stop sale with brand.

Again in opportunity interviewed that is the side of Ford ascertains will not sell Volvo. “ Volvo is part of which is not locked out of Ford,” assertive of Hyot.

source : okezone.com