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Ford Motor Company Announces it Will Re-evaluate Strategic O

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Old Dec 1st, 2008, 17:40   #1
Bob
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Default Ford Motor Company Announces it Will Re-evaluate Strategic O

Ford Motor Company [NYSE: F] announced today it will re-evaluate strategic options for Volvo Car Corporation, including the possible sale of the Sweden-based premium automaker

Click here to read the full report
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Old Dec 1st, 2008, 18:22   #2
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I really hope that they sell the car-making operation back to AB Volvo...
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Old Dec 1st, 2008, 19:00   #3
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That's all very well, but will Volvo AB be in a position to buy it? Given that Volvo Trucks' sales are 98% down on this time last year with only 17 trucks ordered Europewide last month.

Equally will Ford be asking a reasonable price for it? They paid $8billion give or take, but I doubt they'd get that in this climate, certainly not when every manufacturer is struggling.
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Old Dec 1st, 2008, 21:43   #4
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Volvo AB came out with a statement last Thursday or Friday along the lines of we will see if we can make cash available to help out the car division but we are not interested in buying Volvocars.

This was reported again today at the bottom of this just-auto article
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Old Dec 1st, 2008, 23:00   #5
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I see a possible sale to the far east coming up. Ford is desparate for money, the Chinese motor industry in particular is expanding rapidly (or at least it was, who knows in the current "global economic crisis") and would love to get their hands on the platforms and technology Volvo currently have.

As GMcL have said Volvo AB are openly stating they're not interested in buying Volvo cars, they talk about "possible joint ventures" but that's it.

Interesting times....
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Old Dec 2nd, 2008, 00:10   #6
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All in all, it's a bit f****d up, then?
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Old Dec 2nd, 2008, 00:43   #7
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Please not Renault, hopes for BMW and RWD Volvos again.
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Old Dec 2nd, 2008, 12:31   #8
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Quote:
Originally Posted by cumbrianmale View Post
Please not Renault, hopes for BMW and RWD Volvos again.
They won't make them RWD if they did buy them - If they did there would be no reason to guy for a BMW! Anyway, Rover went a bit tits up when BMW bought them!
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Old Dec 4th, 2008, 20:07   #9
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They only want $6bn so form an orderly queue here world car makers...
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Old Dec 8th, 2008, 20:54   #10
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Reading the news it sounds like there is a serious push for Shanghai Automotive Industry to acquire it. Is it just me or would that be particularly worrying for the brand?
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