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Article: F0RD TO BUY VOLVO CARS; pounds 3.89 billion merger.
- Article from:
- Birmingham Evening Mail (England)
- Article date:
- January 28, 1999
CopyrightCOPYRIGHT 1999 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FORD has struck a deal with Sweden's AB Volvo to buy its Volvo Cars division for pounds 3.89 billion, it announced today.
The deal comes as part of a wave of mergers and takeovers among car companies as they battle to deal with over-capacity in the market.
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Article: Ford moves on Volvo Cars
The Press;
January 29, 1999 ;
321 words
... ... DEARBORN, MICHIGAN -- Ford Motor Company has agreed to buy Volvo Cars, the worldwide passenger ... perfect complement to the Ford family of brands worldwide ... Japan's Mazda Motor. Ford will take ownership of all of Volvo Cars' facilities worldwide ...
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