The Swedish government secures Volvo with a state guarantee of EUR 445 million, which is intended to help the Ford subsidiary to obtain a loan from the European Investment Bank (EIB). Similar requests from the insolvent Volvo competitor Saab had been rejected by the government and stated that its US parent company General Motors (GM) wanted to pass on only costs. Stockholm. The Swedish government wants the car manufacturer Volvo with a state guarantee over five billion K In this way, the company belonging to the US-based Ford group should be helped to obtain a loan from the European Investment Bank (EIB), said Jöran Hägglund, Secretary of State at the Ministry of Economic Affairs, of the newspaper “Dagens Industri” (Tuesday). Similar requests from the insolvent Volvo competitor Saab had been rejected by the government and stated that its US parent company General Motors (GM) wanted to pay only costs. Hägglund said: “In contrast to GM, Ford has Ford also wants to sell its Swedish subsidiary. For the loan requested by Volvo to the EIB, the Stockholm government wants to guarantee 90 percent. (dpa/gem) Greeting Saabski