03/07/2008 05:26. With its various British brands now sold, will Ford Motor Co. sell off the last of its foreign brands, closing the
books for good on its once-promising Premier Automotive Group?
Numerous reports have appeared, in recent weeks, suggesting Ford would like to offload its Swedish brand, Volvo Cars, many of those reports pointing to Renault SA as a
strongly-interested party. But if so, Ford is keeping any discussions with the French maker away from Volvo , which "does not have any knowledge" of such talks, the Swedish
maker's CEO, Steven Armstrong, was quoted saying to the wire
service, Reuters.
However, Reuters quoted sources "familiar with the matter," who
insisted that preliminary conversations had taken place between
Renault and the cash-strapped Ford , which has raised much-needed... //
TheCarConnection.com