Stockholm- Loss-making US auto giant Ford was reported to be mulling a sale of its subsidiary Volvo Cars, according to newspaper reports Monday. The Financial Times and the Goteborgs-Posten newspaper, the latter based in the west coast city Gothenburg where Volvo has its headquarters, both cited unnamed sources in their reports.
Goteborgs-Posten mentioned possible interest from BMW of Germany, which has been floated in the past.
Ford acquired Volvo Cars in 1999 for 6.45 billion dollars.
Commenting on the reports, Volvo Cars spokeswoman Maria Bohlin told Deutsche Presse-Agentur dpa that "we regard this as media speculation," adding any possible sale was a matter to be decided by Volvo Cars' owner, Ford.
The Volvo group makes trucks, buses and vehicles for road construction and other purposes.
