After rumors about a possible sale of Volvo to BMW surfaced early this week for the second time in the past month, a Ford spokesman has flatly denied the reports.
“ Ford Motor Company is not in discussions with BMW or any other company regarding an interest in the Volvo Car Corporation,” the company said in a statement released Tuesday.
“We have seen this kind of speculation for the past year, as Ford Motor Company has been assessing our operations and portfolio — as any good business does and we will continue to do.”
British auto magazine Autocar, Swedish newspaper Goteborgs Posten, and U.K. business daily the Financial Times all reported BMW is or was in informal talks with Ford about an acquisition.
It’s not the first time Ford has been forced to issue a statement denying rampant media speculation. Earlier this year, the company was forced to issue a press release saying it had no plans to build a Mustang sedan and station wagon, after Autocar and AutoWeek claimed such projects were underway.
