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	<title>Stock Blog Hub &#187; Tata Motors Ltd.</title>
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		<title>(F) Ford Motor Saddled with Volvo</title>
		<link>http://www.stockbloghub.com/2009/09/17/f-ford-motor-saddled-with-volvo/15428</link>
		<comments>http://www.stockbloghub.com/2009/09/17/f-ford-motor-saddled-with-volvo/15428#comments</comments>
		<pubDate>Thu, 17 Sep 2009 19:08:38 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<category><![CDATA[Ford Motor Company]]></category>
		<category><![CDATA[Tata Motors Ltd.]]></category>
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		<description><![CDATA[Ford Motor (F) is trying hard to offload its unprofitable Volvo car unit by the end of the year. Finance Chief Lewis Booth recently said that the company had no plans of retaining the unit. Ford only wants to concentrate and strengthen its own in-house brand. In 1999, Ford acquired Volvo Car Corp. from Sweden-based Volvo Group for $6.45 billion. However, the company put up the unit for sale last December in an effort to cut costs and raise cash amidst plunging industry wide auto sales. Ford negotiated the sale with many automakers Incorporatedluding Renault SA and China’s third-largest automaker, Dongfeng Motor Group. So far, China’s Geely Automotive was reportedly the only company to submit a concrete bid, valuing the unit at about $2 billion. However, Geely later denied such ]]></description>
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