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DETROIT — Ford’s appointment of veteran executive Stephen Odell to head its Volvo operation likely means the U.S. automaker plans to keep the Swedish automaker and fix its problems rather than sell it, said several industry analysts.
Odell replaces Fredrik Arp, 54, who led the company for three years but has decided to leave, Ford said in a statement. Goteborg, Sweden-based Volvo, which Ford bought in 1999, has been struggling against a weak U.S. dollar, rising raw-material prices and declining demand.
