On 26 Feb 2004 23:40:18 -0800,
[email protected] (Patrik) wrote:
Very good post Patrik,
Rumours (and that's all it is) about this popped up several times over
the past years. Volvo Cars is doing well; better than the other brands
in the PAG Group, and better than its owner Ford.
Just BS.
Regards,
; <snip>
; > Word is out in automotive circles that Ford is not happy with
Volvo sales
; > and is not sure what to do about it. The dominant belief is that
Ford wants
; > to sell Volvo. Some also say that the original Volvo Group is
considering
; > buying Volvo (cars) back with some backing from the Swedish
government and
; > also possibly oil money from Norway. This is just a rumor - but
it I heard
; > it from several disconnected sources.
; >
; > Is this new news - or is it well known?
;
; This rumour pops up from time to time.
;
; Volvo Cars sales, esp the XC90, and profit margins are very good.
; Volvo is actually the only company in the group that turns a profit
; right now.
;
; Fords other brands in their PAG (Premium Automotive Group which
; consist of Aston Martin, Jaguar, Land Rover and Volvo) are using
; Volvos expertice and safety research facilities.
;
; The companies in the PAG are also developing a common platform
; together, that the next generation SUV and premium cars will be
built
; on.
;
; Volvos integration in the Ford group has been very successful, and
; Volvo have expertise in areas that other Ford group companies
benefit
; from. There is no signs that Ford is planning to sell Volvo.
;
; However, if you look at manufacturing some Volvo factories may very
; well be sold. Ford wants to cut production costs, and one way is of
; course to assemble their different car-brands in the same
factories.
; /Patrik
Metaxaman