Dale Jewett and Amy Wilson
July 26, 2007 - 7:20 am
UPDATED: 7/26/2007 9:33 A.M.
Ford "is currently exploring in greater detail the potential sale of the combined business," the automaker said in a statement.
“We have concluded that it is probable that these operations will be sold,” Ford CEO Alan Mulally said today in a conference call with journalists.
Ford also confirmed it is conducting a strategic review of the Volvo business. It said that review would likely be finished by the end of this year.
Ford also said today that it posted a profit of $750 million for the second quarter, compared with a $317 million loss a year earlier.
Revenues for the second quarter totaled $44.2 billion, up from $41.9 billion in the second quarter of 2006.