Ford Motor yesterday said it was reviewing its strategic options for Volvo, “including the possible sale” of the lossmaking Swedish premium brand.
The announcement preceded Ford's submission of its future plans to the US Congress today alongside General Motors and Chrysler as Detroit's three car companies make their case for $25bn of emergency aid.
Ford said that the decision to study its options was in line with actions it was taking to strengthen its balance sheet and ensure it had enough money to implement a product-led transformation plan.
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