Ford to lower production at Volvo unit - WSJ

Newswire

May 20 (Reuters) - U.S. automaker Ford Motor Co is cutting production at its Volvo unit to reduce costs and potential losses at the Swedish luxury brand, the Wall Street Journal said Tuesday. Chief Executive Alan Mulally told top executives he wants to eventually seek a buyer for the Volvo brand, the newspaper said, citing people familiar with the matter. On March 4, Ford said it is developing a new business plan for Volvo that would include the unit operating on a more standalone basis, ...

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