Ford mulls sale of Volvo Car

Ailing US automaker Ford said Monday it would consider selling its Sweden-based subsidiary Volvo Car as part of a strategic realignment in the face of an auto industry slump.

Click here to read the rest of this article.

Add to: Add to Delicious del.cio.us, Add to Digg Digg, Add to Yahoo Yahoo!, Add to Google Google

Other articles in the Business news section

Air France to axe long-haul flights... 36 minutes ago

French flag-carrier Air France warned it would cancel up to half of its long-haul flights Tuesday as employees pursued a strike against plans to require them to give 48 hours notice of a walk-out. ...more

EU watchdog to assess bank recapitalisation... 41 minutes ago

LONDON (Reuters) - European banking regulators pore over plans this week from 31 lenders to plug a 115 billion euro (94 billion pounds) hole in their capital cushions and help restore investor confidence shattered by the euro zone debt crisis. The European Banking Authority (EBA) will review recapitalisation blueprints from top names like Deutsche Bank and UniCredit . The 31 were singled out in a healthcheck of 71 lenders last year as needing extra capital to lift core ratios to 9 percent by June... ...more

Exclusive - Indonesia investors confident... 1 hours ago

JAKARTA (Reuters) - The Indonesian major shareholders of Bumi Plc are confident of winning approval for a shake-up of the coal miner's board that would remove co-chairman Nat Rothschild, investor Samin ...more

Greek general strike starts as EU presses... 1 hours ago

Greek trade union leaders called a general... ...more

Schroders plans to vote against Xstrata... 1 hours ago

LONDON (Reuters) - Schroders head of UK equities who controls one of the largest independently held stakes in miner Xstrata has said he intends to vote against the planned merger with suitor Glencore. Richard Buxton said he thought the terms of the proposed merger represent a poor deal for Xstrata's independent shareholders, shortly after Standard Life issued its own statement saying it would vote against the deal. "I'm in complete agreement with Standard Life and we intend to do exactly the same... ...more

Amlin prices up on catastrophe losses... 2 hours ago

LONDON (Reuters) - Insurer Amlin said it was able to raise prices as customers renewed policies in January, helped by strong demand for catastrophe reinsurance as insurers hit by a near-record spate of disasters last year sought added protection. Policy renewal prices rose an average 4 percent last month, Amlin said on Tuesday, compared with a 1.3 percent decline a year earlier. The increase was driven by its catastrophe reinsurance business, where prices for business written in London and Bermuda... ...more