Report: Ford Considering Sale of Volvo

The Times UK reports Ford Motor Company is indeed pondering the sale of Volvo, further chipping away at the legacy of former boss Jacques "Jac the Knife" Nasser. (The Associated Press assigns a detail-free, "no comment" quote to a Ford spokesman.) Analysts value the Swedes at about $8 billion — 20 percent more than Ford bought it for in 1999. Sure, it'll be an influx of much-needed cash, but at what long-term cost? Volvo's a shining star in Ford's Premier Auto Group constellation. No bidders named yet, but expect breathless coverage as the the story develops. [via Times Online]