Report: Volvo AB not interested in Ford's Volvo unit

Volvo AB Chief Executive Officer Leif Johansson said he's not interested in buying back Ford Motor Co.'s Volvo car division, which the Swedish truckmaker sold almost a decade ago, Bloomberg News reported today.

"We are of course very concerned and interested in what happens with Volvo cars, but not such that we would be an investor there," Johansson told Bloomberg today in an interview in Brussels.

Swedish press reports have identified Volvo as a possible bidder for the car unit as Ford sells assets and focuses on its own brand to revive earnings after a record $12.6 billion loss last year. Volvo sold the car division to Ford in 1999 for more than $6 billion.