>


Advertisement
Rumors
Rumor Rating Description
A rumor rated as 'speculation' is one that has no supporting information
A rumor rated as 'strong' is one where we received information from more than one source.
A rumor rated as 'fact' is one that has proven to be true
A rumor rated as 'false' is one that has proven to be false based on new information
These rumors are just that, RUMORS, and are not to be taken as 'fact' unless so noted.  Please visit our Hot News page for news.  If you have a rumor, or can supply more information about one listed here, e-mail us with as much supporting information as possible and we may post it. User Agreement and Disclaimer. Newer rumors supersede older ones of the same topic.  Go to our forums to discuss any rumor.
for your iPhone
for your iPad

2015 IndyCar Silly Season Page | 2015 F1 Silly Season Page

Go to our forums to discuss this news
DATE News (chronologically)
05/30/07
indusry news
BMW considers buying Ford’s Volvo  UPDATE Ford Motor Co. officials denied rumors in published reports that it was in talks to sell its Volvo division.

At least two reports in European media outlets suggested that Ford was in discussions with Germany’s BMW regarding the possible sale of Volvo, which has its headquarters in Sweden.
 
In a statement released Tuesday ,officials at the Dearborn automaker said, “Ford Motor Co. is not in discussions with BMW or any other company regarding an interest in the Volvo Car Corp. We have seen this kind of speculation for the past year, as Ford Motor Co. has been assessing our operations and portfolio – as any good company does and we will continue to do.”

05/29/07 Bayerische Motoren Werke AG is considering buying Ford Motor Co.'s Volvo Cars unit, according to a report on the Financial Times' Mergermarket Web site.

On the report, shares of BMW rose 1.7 percent, or 85 cents, to 50.60 euros in Frankfurt, putting the company's value at about 32.8 billion euros ($44.2 billion).

BMW has reviewed Volvo Cars' financial data and is "exploring" an acquisition of the Swedish unit, the Mergermarket Web site said late on Friday. The reported cited unidentified people "close to the situation." Other companies have also reviewed Volvo's finances, the Financial Times site said.

Marc Hassinger, a spokesman at Munich-based BMW, declined today to comment on the report, according to Bloomberg News. Tom Hoyt, a spokesman for Ford, told Bloomberg on Friday that "the report is speculation and we don't comment on speculation."

Ford, seeking to raise cash after last year's record loss, in March announced a plan to sell its Aston Martin luxury sports-car unit for $848 million to investors led by U.K. auto- racing champion David Richards. Aston Martin has been part of Ford's Premium Automotive Group luxury division along with the Volvo Cars, Jaguar and Land Rover brands.

Rumors Archives
2000 2001 2002 2003
2004200520062007
2008200920102011
2012201320142015

Search Rumors
Search Help

Banner 10000012