Financial Times FT.com

Ford considers Volvo sale as Detroit calls for state aid

By John Reed in London and Bernard Simon in Toronto

Published: December 2 2008 02:00 | Last updated: December 2 2008 02:00

Ford Motor yesterday said it was reviewing its strategic options for Volvo, "including the possible sale" of the lossmaking Swedish premium brand.

The announcement preceded Ford's submission of its future plans to the US Congress today alongside General Motors and Chrysler as Detroit's three car companies make their case for $25bn of emergency aid.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this