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Last Updated: Monday, 16 July 2007, 06:46 GMT 07:46 UK
Ford denies talks to sell Volvo
Volvo in factory
Many other carmakers would be keen to have a look at Volvo
Ford Motor has denied that it is in talks about selling off its Swedish carmaking division Volvo.

Weekend newspapers reported that Ford had decided to sell Volvo in the last two weeks, but the timing of the sale had not yet been decided.

When Ford offloaded Aston Martin for $848m (416m) in March it left open the possibility to sell other parts of its Premier Automotive Group (PAG ).

PAG's Jaguar and Land Rover marques are for sale.

But Ford spokesman Tom Hoyt denied that any talks about the sale of Volvo were taking place.

"To my knowledge, we are not in negotiations with anyone about the future of Volvo," he said.

Ford bought Volvo from its Swedish owners in 1999 for $6.45bn.

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