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Ford may sell Volvo in effort to survive crisis

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DETROIT — Ford Motor Co. is considering selling Volvo Car Corp. as the U.S. automaker seeks to raise cash and survive tight credit markets and a global automotive sales crisis.

Volvo Cars, which Ford bought in 1999, has been struggling with declining demand and a strong euro which made its products more expensive. Volvo sales through October are down more than 28 percent compared with the same period in 2007, according to Autodata Corp.

Ford said Monday it expects its strategic review of the luxury automaker based in Guteborg, Sweden, will take several months.