The Week: City News - Ford plots sale of Volvo

Ford is considering selling Volvo, the Swedish car manufacturer, in a deal that could be worth up to $7 billion (£3.4 billion), according to reports. Analysts said that potential buyers were likely to include BMW, Hyundai and Renault, as well as private equity groups. Ford recently appointed Goldman Sachs, HSBC and Morgan Stanley to handle the sale of Land Rover and Jaguar as part of a bid to raise the $17 billion earmarked for restructuring the car-maker over the next two years.