The News Tribune (Lite) - In attempt to raise cash, Ford might sell Sweden-based Volvo

TheNewsTribune.com
Section: Business

In attempt to raise cash, Ford might sell Sweden-based Volvo

THE NEWS TRIBUNE
Ford Motor Co. is considering selling Volvo Car Corp. as the U.S. automaker seeks to raise cash and survive tight credit markets and a global automotive sales crisis.

Goteborg, Sweden-based Volvo Cars, which Ford bought in 1999, has been struggling with declining demand and a strong euro, which made its products more expensive. Volvo sales through October are down more than 28 percent compared with the same period in 2007, according to Autodata Corp.