Talk of BMW-Volvo deal meets plenty of skepticism


Ford denies it's in talks to sell Volvo

Tue May 29, 2007 4:59PM EDT


DETROIT (Reuters) - Ford Motor Co is not in discussions with BMW or any other company regarding the sale of its Swedish unit Volvo, the automaker said on Tuesday.

A Ford spokesman issued the denial via email following media reports that the struggling automaker was in talks with German automaker BMW to sell its Swedish brand.

"Ford Motor Company is not in discussions with BMW or any other company regarding an interest in the Volvo Car Corporation," the automaker said in a statement.

Ford had earlier in the day declined to comment