Ford to hold talks on the sale of Volvo New York (BoerseGo.de) – The second largest US automobile manufacturer Ford Motor Co. is trying to avert the need for state aid through the sale of the Volvo brand to Chinese industry colleague Geely Automobile Holdings Ltd. This was reported by the news agency Bloomberg, citing circles. Ford and Geely Automobile had led for preliminary talks. This amount was spent by the Americans in 1999 on the acquisition of Volvo. Ford also approached the other Chinese coalfield colleagues Chery Automobile Co. and Chongqing Changan Automobile Co. because of a sale. For the car manufacturer based in Dearborn, the situation has deteriorated significantly after a record loss of 16.4 billion dollars in the previous year and a fall in car sales in the USA to the lowest level in almost 27 years. General Motors and Chrysler to survive government emergency loans required Ford to avert such a necessity through brand sales.- (© BörseGo AG 2007 – http://www.boerse-go.de, author: Huber Christoph, editor) Message from 05.01.2009 – 08:37h lg, Joe