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Ford selling Volvo? 200

posted by  someone claiming to be CB on  Fri May 25 14:40 CST 2007 [RELATED]

11:36 F Ford Motor: BMW among parties looking at Ford’s Volvo Cars, sources say - FT's Mergermarket (8.52 +0.03)

FT's Mergermarket reports BMW is in informal talks to buy the Swedish car manufacturer Volvo Cars from its owner Ford, according to two sources close to the situation. One source said that the Bavarian car maker has examined the financials of Volvo Cars in recent months, and is now exploring a possible acquisition of the co. The source added that, however, other cos have also studied Volvo Cars‘ financials. A second source, close to BMW, confirmed that a Volvo cars sale process is currently taking place. He also confirmed that BMW is looking at Volvo Cars' books but does not believe that the German co will end up buying Volvo Cars. "BMW has already everything that Volvo cars cannot offer," the source said.

Briefing.com 5/25/07






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New Ford selling Volvo? [200]
posted by  someone claiming to be CB  on Fri May 25 14:40 CST 2007 >


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