Ford slows down Volvo bidding process- WSJ

Newswire

July 31 (Reuters) - Eyeing a better price, U.S. auto maker Ford Motor Co is slowing down the bidding process for its Volvo car unit, the Wall Street Journal said, citing a person close to the company. Ford will wait for General Motors [GM.UL] to sell Opel and is looking at inviting the losing bidder to bid for Sweden-based Volvo, the person told the paper. "Expect nothing to happen for another three to four weeks" with Ford waiting for GM to finalize an Opel buyer, the person was quoted ...

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