THANK GOD: Ford may sell Volvo to BMW (fwd'd post)

Discussion in 'General Motoring' started by RuleOfLaw, May 28, 2007.

  1. RuleOfLaw

    RuleOfLaw Guest

    GW Chimpzilla's Eye-Rack Neocon Utopia wrote:

    Subject: Ford May Sell Volvo to BMW

    Ford turned Volvos into tinny gas-guzzlers, and it is now losing money
    by the
    bucketfulls.
    - - - - - - - - - -
    The Swedish newspaper Göteborgs-Posten reported that Ford plans to
    sell its
    Volvo cars operation and that BMW is a possible buyer.

    Ford bought Volvo's automotive operation from the Volvo Group in 1999.
    The Volvo
    Group serves the heavy-duty on-road transportation market as well as
    off-road,
    stationary, marine and aerospace markets.


    Ford's Premier Automotive Group, of which Volvo is a member, lost $327
    million
    in 2006.

    [more]
    http://www.gp.se/gp/jsp/Crosslink.jsp?d=913&a=348746
     
    RuleOfLaw, May 28, 2007
    #1
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  2. RuleOfLaw

    John Horner Guest


    My understanding is that the Volvo part of Ford's PAG generally has made
    good profits whilst the British Patients, Land Rover and Jaguar, chalk
    up the red ink.
     
    John Horner, May 28, 2007
    #2
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  3. RuleOfLaw

    James Sweet Guest


    Well that's Ford for you, kill one of their top selling cars, then sell off
    one of the most profitable companies they own. I never did care much for the
    Taurus but people were buying the things in droves, what were they thinking
    stopping making them?
     
    James Sweet, May 29, 2007
    #3
  4. RuleOfLaw

    Roadie Guest

    Ford ownership of Volvo if anything been a net positive for the
    company. Whether BMW ownership can provide any improvement is at
    least an open question. I'm sure that some will see having the name
    BMW affiliated with Volvo as being a de facto benefit, but the
    Chrysler/Daimler debacle is a clear example that a fancy name can
    result in less than fancy results During the time of Ford ownership
    I've seen several interesting good looking Volvo cars that represented
    significant improvements over earlier models.

    Whether the PAG as a group lost money is not relevant but whether
    Volvo made money within that group is relevant and indeed they are
    profitable.
     
    Roadie, May 29, 2007
    #4
  5. RuleOfLaw

    John Horner Guest

    For the last several years the vast majority of Tauri were sold to
    rental and other fleet customers, which are generally not very
    profitable sales.
     
    John Horner, Jun 1, 2007
    #5
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