Wall Street Journal

Ford Seeks to Cut Costs by Lowering Volvo Production
By Matthew Dolan
Word Count: 513 | Companies Featured in This Article: Ford Motor
Ford Motor Co. is cutting production at its Volvo unit as a way to trim the costs and losses at the upscale Swedish brand.

The production cut, which could affect one-third of workers at one of its two Volvo plants in Europe, comes amid speculation that Ford is priming Volvo for a sale. Ford has said publicly that it doesn't plan a sale, but Chief Executive Alan Mulally has told top executives he wants to eventually seek a buyer, according to people familiar with the matter.

"Our priority now is to improve the [Volvo] business dramatically," Mr. Mulally told analysts ...