Ford's Volvo sale could get a frosty reception

Ford is buzzing the phones of carmakers around the globe to find a buyer for Volvo in an effort to raise cash and get the money-losing Swedish carmaker off its books. The company has made a few inquiries, most notably to India’s Mahindra and Mahindra and China’s Changan Automobile Group, sources close to the talks say. But nothing firm has come yet. One source said that Mahindra is working with a private equity partner as well.

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