Eye on Volvo sale

THE Ford Motor Co has turned its attention to its Swedish brand Volvo as it continues to assess the future of its European operations, according to a Reuters report this week, which cited a “source familiar with the matter”.

The report said the review of Volvo was still at a “very early stage and may not result in a sale”.

Unlike the case with Ford’s Jaguar and Land Rover brands, financial advisers are not believed to be involved at this stage.