tgrumaj
12-09-2008, 12:11 PM
Ford Motor (F.N) is in talks to sell its Volvo car business to its China partner Changan Automobile Group, the National Business Daily reported on Tuesday, citing an unnamed source at the Chinese company.
Changan president Xu Liuping held discussions with Ford and Volvo during last month's auto show in the Chinese city of Guangzhou, the newspaper said.
The report did not provide details of the talks, but quoted an unidentified Changan executive as saying there was a chance for a deal. Changan is one of China's six biggest auto groups.
Ford and Changan spokesmen in China could not be reached for comment on Tuesday. The U.S. automaker operates a car venture with Changan's listed arm, Chongqing Changan Automobile Co (000625.SZ), which makes mid-sized Focus sedans.
Changan president Xu Liuping held discussions with Ford and Volvo during last month's auto show in the Chinese city of Guangzhou, the newspaper said.
The report did not provide details of the talks, but quoted an unidentified Changan executive as saying there was a chance for a deal. Changan is one of China's six biggest auto groups.
Ford and Changan spokesmen in China could not be reached for comment on Tuesday. The U.S. automaker operates a car venture with Changan's listed arm, Chongqing Changan Automobile Co (000625.SZ), which makes mid-sized Focus sedans.