Ford mulls selling Volvo Cars business
Ford Motor Co. is said to be considering selling its Volvo Cars business in an assessment of the future of its European operations, sources said.
Mainly, it has begun reviewing the Volvo car business though it has so far not hired financial advisers for the operation.

In an interview with a German newspaper, BMW chief financial officer Stefan Krause did not rule out takeovers of other carmakers or brands, although he was also quoted as saying any talk of a bid for Volvo Cars was "pure speculation".

However, Swedish truck maker Volvo's shares rose by around 5 per cent on Thursday and analysts said there was market confusion as investors mixed up the Swedish truck maker with the Ford-owned auto maker.
Back to News Review index page  

News Corp's bid blocked: report
New York: A Dow Jones board member and part of the family that controls the company has launched a final effort to block a takeover by Rupert Murdoch's News Corp.

Christopher Bancroft has recently approached hedge funds, private equity firms and General Electric Co. hoping to buy enough voting shares of Dow Jones to give him the power to thwart a sale.

Rupert Murdoch controlled News Corp has offered $5 billion, or $60 a share, for Dow Jones, the publisher of the Wall Street Journal.

Bancroft is trying to buy more "supervoting" shares from other Bancroft heirs who may be ready to sell their stakes but have his distaste for giving the family legacy to Murdoch, the Journal said.

Bancroft, his siblings, his niece and their children are beneficiaries of trusts that control about one-third of the Bancrofts' stake in Dow Jones.
Back to News Review index page