Ford considers selling Volvo Cars business: source
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Ford Motor Co. is considering selling its Volvo Cars business as it assesses the future of its European operations, a source familiar with the matter said on Sunday.
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DETROIT -- Ford Motor Co.'s board of directors began a two-day meeting yesterday to contemplate a plan that could have the ailing automaker slash jobs and reduce factories further and faster in its quest to revive profits.
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Swedish truck maker Volvo AB may stop expanding in Sweden and instead steer new investments in production capacity to the United States, the company's chief executive said Monday.
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Automaker Ford Motor  may sell Land  Rover, a maker of four-wheel-drive vehicles, along with Jaguar,  as part of a shake-up of its British brands, The Sunday Times  newspaper reported.
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Ford Motor Co.  on Tuesday said it was not in discussions aimed at a sale of its Swedish unit Volvo, denying reports its was mulling an immediate disposition of a unit seen as its most valuable luxury brand.
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Ford Motor Co.  said on Monday it plans to obtain financing totaling about $18 billion to address near-and medium-term negative operating-related cash flow, to fund its restructuring, and to provide added liquidity.
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Volvo, a unit of Ford Motor Co. , is recalling about 360,000 cars because of a problem with vehicle speed controls that can cause engines to lose power without warning, Volvo said on Friday.
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The British government has contacted Ford following a report the US automaker is to sell luxury brands Jaguar and Land Rover, an official spokesman said Tuesday amid concern for the fate of British jobs.
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Ford Motor Co. is seeking buyers for its Volvo, Jaguar, and Land Rover brands in Europe as the money-losing automaker tries to focus on North America, two people familiar with the strategy said.
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A private equity arm of JPMorgan Chase  & Co.  is eyeing some of Ford Motor Co.'s  luxury  brands, a source familiar with the matter said on Friday, the  latest sign the struggling carmaker is looking to unload assets  as part of a turnaround bid.
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Swedish truck maker Volvo  said on Tuesday it will offer 540 yen ($4.51) in cash per share for all the Nissan Diesel Motor Co. Ltd.  shares it does not own, planning to make the Japanese truck maker a wholly owned unit.
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Ford Motor Co.  is considering  going private, USA Today newspaper reported on Thursday, citing  a "source with direct knowledge of the discussions."
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Ford Motor Co will consider adding  production capacity in Russia to meet rising demand in Europe's  fastest-growing major market, the head of the automaker's  European operations said on Wednesday.
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Senior executives at General Motors  Corp.  and Ford Motor Co.  have discussed a merger  or alliance, industry newspaper Automotive News reported on  Monday.
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Ford says it might sell off the luxury Aston Martin brand following a review of the unit's future.
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Ford may part ways with both its British luxury-car brands as it raises money for its turnaround efforts.
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The recovery of Ford Motor Co. -- even   with plans to cut 45,000 jobs, close 16 factories and save $5   billion -- hinges on a deceptively simple solution: it has to   build cars people want to drive, analysts said.