Ford Motor Co.'s US$6.45 billion purchase of AB Volvo's car division isn't on the scale of DaimlerChrysler AG, but it is another step in the consolidation of the global auto industry. For Ford, it means access to more luxury buyers and a more expansive dealer network worldwide. For Volvo Cars, the deal means a more secure future through increased financial resources, greater economies of scale and the chance for a broader product range. Following regulatory and Volvo shareholder approval ...

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