Filed under: Ford, Volvo, Earnings/Financials There are so many people inside and outside of Ford saying so many different things about Volvo that it's entirely possible the Swedish brand will be sold and Ford won't realize it until weeks later. The London Times Online posted an article yesterday stating that Ford decided, "in principle," at a board meeting two weeks ago, to sell Volvo. That piece quoted unnamed "City sources." A bevy of press outlets got in on the story, including the New York Times, quoting "people with knowledge of the situation" -- but those people said the board meeting was last week, not two weeks ago. Not long after the London Times piece, though, the Detroit News posted a column saying that "Ford won't confirm a possible sale of Volvo." It quoted John Gardner, a Ford of Europe mouthpiece, as saying "We're not in discussions with any company in relation to selling Volvo Car Corp." It also quoted John Hoyt, an American Ford spokesman, as saying the board meeting was last week, but "he knew of no decision." Still, all of this has been followed up with an article on Monday morning, euro time, stating the same sale rumors again. Continue reading London Times claims Ford is selling Volvo. Ford says "We never said that." Permalink | Email this | Comments More...
