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Car Forum / Volvo Cars / May 2008Ford wants to sell Volvo too?
After selling Aston Martin and Jaguar, Ford is thinking to also sell Volvo as a step in their reorganization plan. Ford acquired Volvo Cars in 1998 for 6,45 billion dollars and has repeatedly denied the intention of selling it. Ford might also sell Mercury that has financial difficulties as Wall Street Journal (WSJ) reports. When asked about the possibility of selling Volvo Cars, Alan Mulally said "There are a lot of mechanisms that we can use to reduce costs" and refused to comment any (...) Read More: http://www.topspeed.com/cars/car-news/-ford-wants-to-sell-volvo-too-ar56400.html ----------------------------------- Volvo NewsHub: Latest auto news sourced from websites, portals and blogs http://www.carshops247.co.uk/news/Volvo.html The smart money says Ford will unload Volvo. The last successful foray Ford had in Europe was the GT 40 vs. Ferrari duel in the sixties. Sad. On Apr 26, 2:16 am, sjmmail2000-...@yahoo.co.uk wrote: > After selling Aston Martin and Jaguar, Ford is thinking to also sell Volvo as a step in their reorganization plan. Ford acquired Volvo Cars in 1998 for 6,45 billion dollars and has repeatedly denied the intention of selling it. Ford might also sell Mercury that has financial difficulties as Wall Street Journal (WSJ) reports. When asked about the possibility of selling Volvo Cars, Alan Mulally said "There are a lot of mechanisms that we can use to reduce costs" and refused to comment any (...) > Read More:http://www.topspeed.com/cars/car-news/-ford-wants-to-sell-volvo-too-a... > > ----------------------------------- > Volvo NewsHub: Latest auto news sourced from websites, portals and blogshttp://www.carshops247.co.uk/news/Volvo.html That story falls into the category of Not New News. There were several acquisitions that did not work out well, including Mercedes/Chrysler, GM/Saab and Ford/Volvo. Although there were many issues in play, one I thread is common to these cross-border purchases. Merging very different corporate and country cultures is much harder than combining balance sheets. Ford is not adding value to the Volvo company and should send it on it's way to a new home. Selling Mercury is silly as there is nothing to sell. |
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