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Article: Ford moves on Volvo Cars

Article from:
The Press
Article date:
January 29, 1999
Copyright

DEARBORN, MICHIGAN -- Ford Motor Company has agreed to buy Volvo Cars, the worldwide passenger car business of AB Volvo, for $US6.45 billion ($NZ12.2b).

``Volvo is a perfect complement to the Ford family of brands worldwide,'' Ford chief executive Jacques Nasser said.

Ford's brands include Ford, Lincoln, and Mercury in the US, Jaguar and Aston Martin in Britain, and the company also holds a one-third stake ...

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