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Posted
1 April 2009 @ 1pm

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Ford Could Sell Volvo

Ford Motor Co. is considering selling Volvo Car Corp. as the struggling U.S. automaker seeks to raise cash and weather a global automotive sales crisis. Ford said Monday it expects its strategic review of the Swedish luxury automaker will take several months. The move is one of several actions Ford is taking to strengthen its balance sheet amid what it called ’severe economic instability worldwide.’” [Link]