|
Volvo to run independently of Ford
|
|
|
Posted on
Mar 05 2008 3:17 AM
by
adnana
|
Ford has confirmed it won’t be selling Volvo anytime soon but that doesn’t mean it will be heavily involved in the day-to-day running of the company. Instead, the Blue Oval is expected to play a more limited role in Volvo’s future with officials currently developing a new business plan that includes Volvo operating on a more stand-alone basis.
At a recent presentation, Ford officials displayed slides stating that it wants to “establish appropriate business arrangements to allow Volvo to operate on a more stand-alone basis.” It also said a “top priority is to return Volvo to sustainable profitability,” reports Automotive News.
|
|
No comment found for this blog
|
|