Volvo's sale to Chinese car maker Geely is imminent, according to reports.
Talks between the two sides are said to be ongoing in London, but a deal is reported to be close. However, even if it is signed, the reports suggest it may not be announced until after Christmas.
Volvo Cars was founded in the Swedish city of Gothenburg in 1927 and hase 22,000 employees worldwide, around 16,000 of whom work in Sweden.
Ford announced last December it wanted to sell Volvo, which it bought in a $6.4 billion deal in 1999.
The US company picked Geely in October as preferred bidder for Volvo.
Geely last month said it had reached an agreement with Ford to own the intellectual property rights on Volvo's key technologies, including those related to safety and the environment.