Emerging reports indicate that Ford is moving ahead with the sale of Volvo Cars with a determined push to find a new buyer around the middle of February. Although it's undoubtedly a bad time to be selling, Ford needs the cash on hand and a streamlined corporate structure in order to weather the current storm without going into debt.
The Volvo Group, successfully spun off ball bearing company SKF in 1927, no longer has much to do with the Volvo brand of cars. While it does build large commercial vehicles, the automotive unit was sold to Ford all the way back in 1999, and the only real ties the two corporations share is joint-ownership of the Volvo logo and trademark. Unfortunately, things haven't really been all that rosy for the Swedish brand since it was purchased by the Blue Oval. Despite its lack of involvement, Volvo Gr