Loss-making Ford Motor Co is planning to sell Swedish car maker Volvo and German carmaker BMW could be a possible buyer, a Swedish newspaper said on Monday. The Goteborgs Posten daily reported on its website that a source within Ford said BMW has been studying a possible purchase of Volvo.
The Financial Times also reported last Friday BMW was in informal talks to buy Volvo. "We cannot comment on speculation, this is a question for our owner," said a spokeswoman for Volvo cars.
Ford bought Volvo in 1999 and it is now part of the US company's Premier Automotive Group, including Jaguar and Land Rover. Ford does not disclose results for its individual brands, but taken together its luxury line-up lost $327 million in 2006.
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