Ford has had exploratory talks with French carmaker Renault to sell Volvo, but the talks ended quickly due to price differences, sources briefed on the matter told Reuters.

The two parties have spoken again after their initial discussions, which were held last autumn, the sources said.

Ford has also had talks with China's third-largest automaker, Dongfeng Motor Group, as a potential partner for Volvo, one of the sources said.

Ford spokesperson Mark Truby declined to comment directly but said: "We announced earlier this year that Volvo is not for sale and that we are focused on improving Volvo's business results."

A senior Dongfeng executive said the matter had not been discussed by his company's senior management. But he said he could not rule out the possibility that informal initial... // Wheels24.co.za

Ford Motor has held exploratory talks with China's third-largest car maker Dongfeng Motor Group, as a potential partner for Volvo. Sources close to the matter said Ford also talked to French car maker Renault SA about the sale of Volvo, but the talks ended quickly due to price differences.

Ford declined to comment directly by restating its announcement earlier this year that Volvo is not for sale and the company was focused on improving Volvo's... // CCTV

DETROIT (Reuters) - U.S. auto sales plunged in June to a 15-year low, but a month-end clearance sale helped General Motors Corp retain its No. 1 spot and steer clear of the wipeout many had feared, sending its shares higher. Record gas prices and declining trade-in values for big trucks and SUVs hit truck sales hard while major automakers, including Toyota Motor Corp 7203.T, struggled to keep up with demand for some popular smaller cars and hybrids.

Oil steadies near $141 on supply concerns

LONDON (Reuters) - Oil steadied near $141 a barrel on Wednesday, within sight of a record high, boosted by forecasts global supply will lag demand and further weakness in the dollar. Tension between Iran, a major oil exporter, and Israel also lifted prices, and analysts said that could remain... // ReportonBusiness.com

DETROIT (Reuters) - U.S. auto sales plunged in June to a 15-year low, but a month-end clearance sale helped General Motors Corp retain its No. 1 spot and steer clear of the wipeout many had feared, sending its shares higher. Record gas prices and declining trade-in values for big trucks and SUVs hit truck sales hard while major automakers, including Toyota Motor Corp , struggled to keep up with demand for some popular smaller cars and hybrids.

Flaherty cautious on economy: report

TORONTO (Reuters) - Canadian Finance Minister Jim Flaherty said he was concerned that economic weakness in the United States, his country's top trading partner, could hold back the domestic economy in the coming months, a news service reported on Tuesday. Flaherty said he welcomed Monday's... // ReportonBusiness.com

DETROIT (Reuters) - U.S. auto sales plunged in June to a 15-year low, but a month-end clearance sale helped General Motors Corp retain its No. 1 spot and steer clear of the wipeout many had feared, sending its shares higher. Record gas prices and declining trade-in values for big trucks and SUVs hit truck sales hard while major automakers, including Toyota Motor Corp , struggled to keep up with demand for some popular smaller cars and hybrids.

Flaherty cautious on economy: report

TORONTO (Reuters) - Canadian Finance Minister Jim Flaherty said he was concerned that economic weakness in the United States, his country's top trading partner, could hold back the domestic economy in the coming months, a news service reported on Tuesday. Flaherty said he welcomed Monday's... // ReportonBusiness.com

DETROIT (Reuters) - U.S. auto sales plunged in June to a 15-year low, but a month-end clearance sale helped General Motors Corp retain its No. 1 spot and steer clear of the wipeout many had feared, sending its shares higher. Record gas prices and declining trade-in values for big trucks and SUVs hit truck sales hard while major automakers, including Toyota Motor Corp , struggled to keep up with demand for some popular smaller cars and hybrids.

Flaherty cautious on economy: report

TORONTO (Reuters) - Canadian Finance Minister Jim Flaherty said he was concerned that economic weakness in the United States, his country's top trading partner, could hold back the domestic economy in the coming months, a news service reported on Tuesday. Flaherty said he welcomed Monday's... // ReportonBusiness.com

DETROIT (Reuters) - U.S. auto sales plunged in June to a 15-year low, but a month-end clearance sale helped General Motors Corp retain its No. 1 spot and steer clear of the wipeout many had feared, sending its shares higher. Record gas prices and declining trade-in values for big trucks and SUVs hit truck sales hard while major automakers, including Toyota Motor Corp , struggled to keep up with demand for some popular smaller cars and hybrids.

Flaherty cautious on economy: report

TORONTO (Reuters) - Canadian Finance Minister Jim Flaherty said he was concerned that economic weakness in the United States, his country's top trading partner, could hold back the domestic economy in the coming months, a news service reported on Tuesday. Flaherty said he welcomed Monday's... // ReportonBusiness.com

DETROIT (Reuters) - U.S. auto sales plunged in June to a 15-year low, but a month-end clearance sale helped General Motors Corp retain its No. 1 spot and steer clear of the wipeout many had feared, sending its shares higher. Record gas prices and declining trade-in values for big trucks and SUVs hit truck sales hard while major automakers, including Toyota Motor Corp , struggled to keep up with demand for some popular smaller cars and hybrids.

Starbucks to cut up to 12,000 jobs, close 600 stores

LOS ANGELES (Reuters) - Starbucks Corp said on Tuesday it plans to close 600 underperforming U.S. stores and cut up to 12,000 full- and part-time positions, as it copes with an economic downturn and increasing competition. The coffee seller, bracing for its first full-year profit decline since... // Conde Nast Portfolio

DETROIT (Reuters) - U.S. auto sales plunged in June to a 15-year low, but a month-end clearance sale helped General Motors Corp retain its No. 1 spot and steer clear of the wipeout many had feared, sending its shares higher. Record gas prices and declining trade-in values for big trucks and SUVs hit truck sales hard while major automakers, including Toyota Motor Corp , struggled to keep up with demand for some popular smaller cars and hybrids.

Flaherty cautious on economy: report

TORONTO (Reuters) - Canadian Finance Minister Jim Flaherty said he was concerned that economic weakness in the United States, his country's top trading partner, could hold back the domestic economy in the coming months, a news service reported on Tuesday. Flaherty said he welcomed Monday's... // ReportonBusiness.com

DETROIT (Reuters) - U.S. auto sales plunged in June to a 15-year low, but a month-end clearance sale helped General Motors Corp retain its No. 1 spot and steer clear of the wipeout many had feared, sending its shares higher. Record gas prices and declining trade-in values for big trucks and SUVs hit truck sales hard while major automakers, including Toyota Motor Corp , struggled to keep up with demand for some popular smaller cars and hybrids.

Flaherty cautious on economy: report

TORONTO (Reuters) - Canadian Finance Minister Jim Flaherty said he was concerned that economic weakness in the United States, his country's top trading partner, could hold back the domestic economy in the coming months, a news service reported on Tuesday. Flaherty said he welcomed Monday's... // ReportonBusiness.com

DETROIT (Reuters) - U.S. auto sales plunged in June to a 15-year low, but a month-end clearance sale helped General Motors Corp retain its No. 1 spot and steer clear of the wipeout many had feared, sending its shares higher. Record gas prices and declining trade-in values for big trucks and SUVs hit truck sales hard while major automakers, including Toyota Motor Corp , struggled to keep up with demand for some popular smaller cars and hybrids.

Flaherty cautious on economy: report

TORONTO (Reuters) - Canadian Finance Minister Jim Flaherty said he was concerned that economic weakness in the United States, his country's top trading partner, could hold back the domestic economy in the coming months, a news service reported on Tuesday. Flaherty said he welcomed Monday's... // ReportonBusiness.com

Calcutta Telegraph (Enlarge photo)

New York, July 1 (Reuters): Ford Motor Co has had exploratory talks with French car maker Renault SA to sell Volvo, but the talks ended quickly because of price differences, sources said.

The two parties have spoken again after their initial discussions, which were held less than a year ago, the sources said.

Ford also had talks with China’s third-largest auto maker Dongfeng Motor Group as a potential partner for Volvo, one of the sources said.

Ford spokesperson Mark Truby declined to comment directly but said, “We had announced earlier this year that Volvo was not for sale and that we were focused on improving Volvo’s business results.”

Even though Ford has said it has no plans to sell Volvo, the company has been holding informal talks with interested parties, the sources... // Calcutta Telegraph

GM bucks expectations as U.S. auto sales drop

DETROIT (Reuters) - U.S. auto sales plunged in June, but a month-end clearance sale helped General Motors Corp retain its No. 1 spot and steer clear of the wipeout many had feared, sending its shares climbing. Record gas prices and slumping trade-in values for big trucks and SUVs hit truck sales hard, but industry-wide sales fell by a more limited margin than the most bearish Wall Street forecasts, based on initial sales reports from the automakers.

Flaherty cautious on economy: report

TORONTO (Reuters) - Canadian Finance Minister Jim Flaherty said he was concerned that economic weakness in the United States, his country's top trading partner, could hold back the domestic economy in the coming months, a news service reported on Tuesday.... // ReportonBusiness.com

DETROIT (Reuters) - General Motors Corp posted an 8.3 percent decline in June U.S. auto sales after adjusting for sales days in the month, a better-than-expected result for the embattled automaker. GM sold 265,937 vehicles in June, down 18.5 percent before adjusting for three fewer sales days in June than in the same month a year earlier.

Flaherty cautious on economy: report

TORONTO (Reuters) - Canadian Finance Minister Jim Flaherty said he was concerned that economic weakness in the United States, his country's top trading partner, could hold back the domestic economy in the coming months, a news service reported on Tuesday. Flaherty said he welcomed Monday's stronger-than-expected report on April gross domestic product, which showed Canada's economy had expanded for the first time in... // ReportonBusiness.com

DETROIT (Reuters) - General Motors Corp posted an 8.3 percent decline in June U.S. auto sales after adjusting for sales days in the month, a better-than-expected result for the embattled automaker. GM sold 265,937 vehicles in June, down 18.5 percent before adjusting for three fewer sales days in June than in the same month a year earlier.

Flaherty cautious on economy: report

TORONTO (Reuters) - Canadian Finance Minister Jim Flaherty said he was concerned that economic weakness in the United States, his country's top trading partner, could hold back the domestic economy in the coming months, a news service reported on Tuesday. Flaherty said he welcomed Monday's stronger-than-expected report on April gross domestic product, which showed Canada's economy had expanded for the first time in... // ReportonBusiness.com

DETROIT (Reuters) - General Motors Corp posted an 8.3 percent decline in June U.S. auto sales after adjusting for sales days in the month, a better-than-expected result for the embattled automaker. GM sold 265,937 vehicles in June, down 18.5 percent before adjusting for three fewer sales days in June than in the same month a year earlier.

Flaherty cautious on economy: report

TORONTO (Reuters) - Canadian Finance Minister Jim Flaherty said he was concerned that economic weakness in the United States, his country's top trading partner, could hold back the domestic economy in the coming months, a news service reported on Tuesday. Flaherty said he welcomed Monday's stronger-than-expected report on April gross domestic product, which showed Canada's economy had expanded for the first time in... // ReportonBusiness.com

DETROIT (Reuters) - Ford Motor Co said on Tuesday U.S. sales fell 28 percent in June on an unadjusted basis, driven by steep declines in sales of trucks and SUVs under rising gasoline prices. Sales dropped to 174,091 vehicles in June from 242,029 vehicles a year earlier, including all the automaker's brands, Ford said.

Flaherty cautious on economy: report

TORONTO (Reuters) - Canadian Finance Minister Jim Flaherty said he was concerned that economic weakness in the United States, his country's top trading partner, could hold back the domestic economy in the coming months, a news service reported on Tuesday. Flaherty said he welcomed Monday's stronger-than-expected report on April gross domestic product, which showed Canada's economy had expanded for the first time in three months.

Oil... // ReportonBusiness.com

July 1: Ford Motor Co has had exploratory talks with French automaker, Renault SA, to sell Volvo, but the talks ended quickly due to price differences, sources briefed on the matter said.

The two parties have spoken again after their initial discussions, which were held last fall, the sources said. Ford has also had talks with Chinas third-largest automaker, Dongfeng Motor Group, as a potential partner for Volvo, sources said.

Ford spokesman, Mr Mark Truby, declined to comment directly but said, "We announced earlier this year that Volvo is not for sale and that we are focused on improving Volvos business results." Even though Ford has said it has no plans to sell Volvo, the automaker has been having informal talks... // Howrah News Service

DETROIT (Reuters) - Ford Motor Co said on Tuesday U.S. sales fell 28 percent in June on an unadjusted basis, driven by steep declines in sales of trucks and SUVs under rising gasoline prices. Sales dropped to 174,091 vehicles in June from 242,029 vehicles a year earlier, including all the automaker's brands, Ford said.

Flaherty cautious on economy: report

TORONTO (Reuters) - Canadian Finance Minister Jim Flaherty said he was concerned that economic weakness in the United States, his country's top trading partner, could hold back the domestic economy in the coming months, a news service reported on Tuesday. Flaherty said he welcomed Monday's stronger-than-expected report on April gross domestic product, which showed Canada's economy had expanded for the first time in three months.

Oil... // ReportonBusiness.com

DETROIT (Reuters) - Ford Motor Co said on Tuesday that U.S. sales fell 28 percent in June on an unadjusted basis, driven by steep declines in sales of trucks and SUVs. Sales dropped to 174,091 vehicles in June from 242,029 vehicles a year earlier, including all the automaker's brands, Ford said.

Flaherty cautious on economy: report

TORONTO (Reuters) - Canadian Finance Minister Jim Flaherty said he was concerned that economic weakness in the United States, his country's top trading partner, could hold back the domestic economy in the coming months, a news service reported on Tuesday. Flaherty said he welcomed Monday's stronger-than-expected report on April gross domestic product, which showed Canada's economy had expanded for the first time in three months.

Oil rises on supply... // ReportonBusiness.com

Flaherty cautious on economy: report

TORONTO (Reuters) - Canadian Finance Minister Jim Flaherty said he was concerned that economic weakness in the United States, his country's top trading partner, could hold back the domestic economy in the coming months, a news service reported on Tuesday. Flaherty said he welcomed Monday's stronger-than-expected report on April gross domestic product, which showed Canada's economy had expanded for the first time in three months.

Oil rises on supply worries, Middle East tension

LONDON (Reuters) - Oil rose by nearly $3 on Tuesday after the International Energy Agency revived concerns about long-term supply shortages and tension between Israel and Iran raised fears about possible outages in the much nearer term. U.S. crude rose $1.96 to $142.96 a... // ReportonBusiness.com

Oil rises on supply worries, Middle East tension

LONDON (Reuters) - Oil rose by nearly $3 on Tuesday after the International Energy Agency revived concerns about long-term supply shortages and tension between Israel and Iran raised fears about possible outages in the much nearer term. U.S. crude rose $1.96 to $142.96 a barrel by 1505 GMT (11:05 a.m. EDT). London Brent crude rose $2.17 to $142.00.

Chrysler St. Louis cut seen good for Canada plant

TORONTO (Reuters) - Chrysler LLC's decision to shut down its St. Louis minivan plant is good news for the company's van plant in Windsor, Ontario,... // ReportonBusiness.com

Oil rises on supply worries, Middle East tension

LONDON (Reuters) - Oil rose by nearly $3 on Tuesday after the International Energy Agency revived concerns about long-term supply shortages and tension between Israel and Iran raised fears about possible outages in the much nearer term. U.S. crude rose $2.90 to $142.90 a barrel by 1300 GMT (9 a.m. EDT). London Brent crude rose $3.10 to $142.93.

Chrysler St. Louis cut seen good for Canada plant

TORONTO (Reuters) - Chrysler LLC's decision to shut down its St. Louis minivan plant is good news for the company's van plant in Windsor, Ontario,... // ReportonBusiness.com

Chrysler St. Louis cut seen good for Canada 0lant

TORONTO (Reuters) - Chrysler LLC's decision to shut down its St. Louis minivan plant is good news for the company's van plant in Windsor, Ontario, although it underscores the long-term uncertainty of the van segment, an analyst said on Monday. "I think for now the production there is safe," said Aaron Bragman, an automotive analyst at Global Insight, of the Windsor plant, which currently runs... // ReportonBusiness.com