Subject: Ford May Sell Volvo to BMW
Ford turned Volvos into tinny gas-guzzlers, and it is now losing money by the bucketfulls.
- - - - - - - - - - The Swedish newspaper Göteborgs-Posten reported that Ford plans to sell its Volvo cars operation and that BMW is a possible buyer.
Ford bought Volvo's automotive operation from the Volvo Group in 1999. The Volvo Group serves the heavy-duty on-road transportation market as well as off-road, stationary, marine and aerospace markets.
Ford's Premier Automotive Group, of which Volvo is a member, lost $327 million in 2006.
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