26 Jun
Volvo to be sold to china?
Vehicle sales in the U.S. have been under intense pressure as consumers have shied away from new car purchases in the face of record-high gas prices and the housing slump. Volvo saw its U.S. sales drop 21% to 7,238 in May. Ford’s decline overall came to roughly 13%. Meanwhile, Ford is discussing the sale of Volvo with a Chinese automaker, according to a report in the online edition of Swedish financial newspaper Dagens Industri. An unnamed Russian investor is also reported to be showing interest in buying the iconic car maker, the report said. More
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