No heavy-truck deal for Ford, Volvo
DETROIT (Jan. 5) — Any discussions of an alliance between Ford Motor Co. and Volvo AB of Sweden will not include heavy-duty trucks, Ford chief executive Jacques Nasser said yesterday.
Speaking at the International Auto Show in Detroit, Nasser told reporters his company is “not in any discussions on heavy trucks with anyone.”
Ford sold its heavy-truck business in 1997 to Freightliner Corp., a subsidiary of DaimlerChrysler AG. Volvo produces heavy trucks and cars.
Last month, a Swedish magazine and the Washington Post reported that Ford and Volvo were negotiating an alliance of some sort or an outright purchase of Volvo by Ford.
“Everyone talks to everyone,” Nasser said in a Bloomberg News report. “In most cases they are about cooperating on components or in terms of technology.”
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