Ford Motor Co.'s purchase of Volvo Cars for $6.45 billion could face more than just the hurdle of Volvo shareholders, who will decide whether to approve the deal March 15. Insiders at both Volvo and Ford concede there is a real risk that other automakers could step in and trump Ford's bid, driving the price of the Swedish automaker even higher. “There is a risk that that can happen until it is closed,” John M. Devine, Ford's chief financial officer, tells Ward's. “I think you'll find us ...

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