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STOCKHOLM - Volvo Car, sold by AB Volvo to U.S. Ford Motor (NYSE:F - news) two years ago, said on Monday Mitsubishi Motor Corp (MMC) bought its 50 percent stake in their jointly owned NedCar Plant in the Netherlands.

Volvo Car AB said in a statement shares would be transferred to MMC from March 30. The deal would not affect production of Volvo S40 and V40 or Mitsubishi models at the plant.

``The Born plant will continue to play a significant role for Volvo Cars' industrial structure because of the production of Volvo S40 and V40 through the middle of 2004,'' Volvo Car Chief Executive Hans-Olov Olsson said in a statement.

Source: Reuters
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