Ford allegedly sells Volvo to Chinese Company
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SHANGHAI (Reuters) - Ford Motor (F.N: Quote, Profile, Research) said on Wednesday it was still evaluating an option to sell its Volvo car unit but declined to comment on a local media report which named its China partner Changan Automobile Group as a potential buyer.
National Business Daily reported on Tuesday that Changan president Xu Liuping held discussions with Ford and Volvo during last month's auto show in the Chinese city of Guangzhou.
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Though details were not disclosed, and executives are trying to make it look like the leak was a result of misquotation, what would the possible effects be if Volvo went to China?
National Business Daily reported on Tuesday that Changan president Xu Liuping held discussions with Ford and Volvo during last month's auto show in the Chinese city of Guangzhou.
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Though details were not disclosed, and executives are trying to make it look like the leak was a result of misquotation, what would the possible effects be if Volvo went to China?
