Business digest

NATION

Chinese automaker considers buying Volvo

DETROIT — A person briefed on the matter says a Chinese automaker is considering buying Ford Motor Co.’s Volvo unit.

The person says Beijing Automotive Industry Holding Co. is taking a look at Volvo and is expected to meet with executives at Volvo’s Gothenburg, Sweden, headquarters. The person spoke on condition of anonymity because the discussions are private.

Beijing Automotive would be one of three or four companies that have expressed interested in Volvo.

CEO McDonald sees brighter future for P&G

CINCINNATI — New Procter & Gamble Co. chief Bob McDonald sees a brighter future for the 172-year-old company through selling more diapers, detergent and shampoo in places such as India and Africa.

With ambitious plans to double sales and streamline the world’s largest consumer products company, whose sales and earnings growth have slowed during the recession, McDonald is to move from chief operating officer to CEO in three weeks.

Associated Press