STOCKHOLM, Sept 15 (Reuters) - U.S. motor giant Ford
In an interview at the Frankfurt Motor Show, Ford Chief Financial Officer Lewis Booth said that Ford had ruled out keeping loss-making Volvo Cars.
"We plan to sell," Booth said. "It's not about Volvo, but because we want to focus on Ford. The situation for Ford around the world is still tough. Ford is still losing money."
He said the company needed to focus its financial resources "and that's why we started looking at selling Volvo and we want to continue with the process for the same reason."
Geely Holding Group Co, parent of China's Geely Automotive <0175.HK>, has expressed interest in bidding for the Swedish group which media reports have valued at close to $2 billion. [ID:nHKG180468] (Reporting by Simon Johnson; Editing by Tim Dobbyn)