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Ford continues to deny it, but it is becoming clear that the company is looking to sell its Volvo brand. Ford acquired the car side of Volvo’s business in 1999 and has been rumored to be looking for a buyer for well over a year now. Dagens Industri, a Swedish financial newspaper, says that Ford is in talks with a Chinese company, discussing a possible sale of Volvo. Also, according to Thomson Finanical News (via Forbes), a Russian suitor has expressed interest too. Ford sold off Aston Martin to a pair of Kuwait investment companies in 2007 and recently concluded the sale of Jaguar and Land Rover to Tata Motors. Volvo is the last brand that was once part of Ford’s Premier Automotive Group, though Lincoln had once been included before being re-categorized with Ford and Mercury. Tracinda Corp. (better known as Kirk Kerkorian)... [read full story]
