DEARBORN, Michigan: Ford Motor Company has denied weekend reports in UK and US newspapers that it has hung a 'For Sale' notice on Swedish luxury car marque, Volvo.
Ailing Ford is currently hunting buyers for Volvo's Premier Automotive Group division stablemates Jaguar and Land Rover [WARC News: 12-Jun-07].
But spokesman Tom Hoyt insists: "To my knowledge, we are not in negotiations with anyone about the future of Volvo."
Rumors about the brand have been circulating for several months [WARC News: 31-May-07].
Data sourced from Boston Globe; additional content by WARC staff