Ford denies plans of selling Volvo

Early last week rumors were flying all over that Ford will be selling Volvo to BMW and for the second time in the past month, Ford has come up and denied the reports.

A company statement released Tuesday last week said that, "Ford Motor Company is not in discussions with BMW or any other company regarding an interest in the Volvo Car Corporation…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.

This isn’t the first time the Dearborn automaker has been forced to issue a statement denying rampant media speculation. Earlier this year, the company was forced to issue a press release denying plans to build a Mustang sedan and station wagon, after Autocar and AutoWeek claimed such projects were underway.