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06-25-2008, 08:51 AM
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#1 (permalink) | |
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GMI Staff Member
Join Date: Jan 2003
Location: NJ
Posts: 5,579
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Ford talks with Chinese to sell Volvo?
Didn't see this anywhere this morning...sorry if it's a repost.
SOURCE: Automotive News Quote:
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Email: nadepalma@gminsidenews.com "La vita è come un albero di Natale..c'è sempre qualcuno che ti rompe le palle!" "You cannot help men permanently by doing for them what they could and should do for themselves" -Abraham Lincoln "Democracy is the worst form of government except for all those others that have been tried" -Winston Churchill "In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a Congress" -John Adams |
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06-25-2008, 08:56 AM
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#2 (permalink) | |
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GMI Staff Member
Join Date: Jan 2003
Location: NJ
Posts: 5,579
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Re: Ford talks with Chinese to sell Volvo?
I wouldn't have thought that the Chinese or Russians would be in the running for Volvo - though they arguably have the capital to invest in them. I know that PSA was interested in them, as well as Renault for awhile.
However, I know that the Swedes were interested in reacquiring the brand - I wonder if this is something they'd still want to reacquire? Quote:
Ford would actually have sold one division to another division? They'd still have Volvo on the books through their 35% stake in Mazda Corp, no?
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Email: nadepalma@gminsidenews.com "La vita è come un albero di Natale..c'è sempre qualcuno che ti rompe le palle!" "You cannot help men permanently by doing for them what they could and should do for themselves" -Abraham Lincoln "Democracy is the worst form of government except for all those others that have been tried" -Winston Churchill "In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a Congress" -John Adams Last edited by nadepalma : 06-25-2008 at 09:01 AM. |
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06-25-2008, 09:19 AM
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#3 (permalink) |
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5.3 Liter Vortec V8
Join Date: Jul 2005
Location: Grand Rapids, MI
Drives: '01 Grand Prix GT
'96 Roadmaster Wagon
Posts: 1,401
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Re: Ford talks with Chinese to sell Volvo?
In some ways it would make sense to sell it to Mazda. They would reduce their share of the ownership by selling most of the division to the rest of the Mazda shareholders and they would still have access to Volvo technology and platform sharing. Mazda also shares a platform with Volvo. Isn't the Euro Focus, Mazda 3 and Volvo S40 on the same chassis?
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 1996 Buick Roadmaster Wagon 2001 Pontiac Grand Prix |
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06-25-2008, 09:27 AM
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#4 (permalink) |
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3.8 Liter V6
Join Date: Nov 2005
Location: Michigan - Home of the Arsenal of Democracy
Drives: 2005 SRX - V6 AWD, 1971 F-250 4x4, 1994 M
Posts: 485
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Re: Ford talks with Chinese to sell Volvo?
You know, if I had a penny for all of the speculation and rumors I could buy Volvo myself!
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Hungry ,eat your import  CHANGE? In 1959 CUBA got CHANGE! Be careful what you wish for! |
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06-25-2008, 10:30 AM
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#5 (permalink) | |
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GMI Staff Member
Join Date: Jan 2003
Location: NJ
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Re: Ford talks with Chinese to sell Volvo?
More on this from LeftLaneNews.com
SOURCE: LeftLaneNews.com Quote:
Interesting if true - a GM partner in China looking to buy Volvo from FoMoCo? Are they hoping it will compliment Roewe and MG (now that Nanjing is technically part of SAIC)? How would such a move halt an Austin revival as Nanjing wanted pre-merger?
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Email: nadepalma@gminsidenews.com "La vita è come un albero di Natale..c'è sempre qualcuno che ti rompe le palle!" "You cannot help men permanently by doing for them what they could and should do for themselves" -Abraham Lincoln "Democracy is the worst form of government except for all those others that have been tried" -Winston Churchill "In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a Congress" -John Adams |
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06-25-2008, 11:03 AM
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#6 (permalink) |
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3.8 Liter Supercharged V6
Join Date: Jan 2007
Location: Philadelphia
Drives: 2007 Saturn Aura
Posts: 721
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Re: Ford talks with Chinese to sell Volvo?
I think Ford should keep Volvo and get rid of Mercury. The company should be Ford, Mazda, Lincoln, Volvo. Volvo has the technology that is in most of Ford's vehicles now..
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Past Rides: 1991 Saturn SC 2001 Mitsubishi Eclipse 2005 Pontiac G6 2000 Pontiac Grand Am 2007 Saturn Aura Future Rides: Saturn Sky/Chevy Camaro/Pontiac G8/Cadillac CTS Coupe |
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06-25-2008, 11:08 AM
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#7 (permalink) |
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5.3 Liter LS4 V8
Join Date: Dec 2004
Posts: 3,581
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Re: Ford talks with Chinese to sell Volvo?
bad move Ford.. you NEED Volvo... you don't need Merc... what a bunch of brainiacs running our auto industry!
They'll run them right into the ground at this rate. You cannot, and I repeat, cannot shrink your way to profitability!!!!! There has to be a paradigm shift at some point within the company and run right out of business.
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John Crichton: It's beer o'clock. Where's my riot? 
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06-25-2008, 11:23 AM
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#8 (permalink) | |
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3.8 Liter V6
Join Date: Mar 2005
Location: Washington, DC
Posts: 485
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Re: Ford talks with Chinese to sell Volvo?
Quote:
Volvo has value (Mercury doesn't) and Ford needs cash NOW. It is sad, but simple. As a Volvo owner I'm happy that Volvo will survive. It's a solid brand. I can only hope Ford will survive.  |
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06-25-2008, 11:43 AM
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#9 (permalink) |
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5.3 Liter LS4 V8
Join Date: Jan 2005
Location: Windsor Ontario, Canada
Drives: 2004 Chevy Silverado Z71;
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Re: Ford talks with Chinese to sell Volvo?
This is a bad move IMO. Volvo is about the best thing Ford has going for it right now. Jaguar, Land Rover and Aston Amrtin were all dead weight to Ford (even if the Astons are the best looking and coolest cars out there) but Volvo is ripe with technologu and innovation and has a great and solid reputation that Ford has managed to crap up in the decade that Ford has had them.
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eXcelon inside ... Aut viam inveniam aut faciam  Always Part of the Solution If you have a problem, if no one else can help, and if you can find him, maybe you can hire Uzzy. |
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06-25-2008, 11:54 AM
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#11 (permalink) |
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6.0 Liter LS2 V8
Join Date: Jun 2005
Location: Waterville, OH
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Posts: 4,619
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Re: Ford talks with Chinese to sell Volvo?
Do not freakin' sell Volvo!
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I reject your reality and substitute my own. Current: Super Black 2003 Nissan Maxima SE Former: Brilliant Blue Metallic 1995 Ford Explorer XLT 4WD |
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06-25-2008, 11:57 AM
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#12 (permalink) |
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3.8 Liter V6
Join Date: Nov 2006
Location: Chicago suburbs
Drives: 2007 Volkswagen Rabbit
Posts: 466
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Re: Ford talks with Chinese to sell Volvo?
If they get rid of Volvo, then who is Ford going to jack platforms from. Soon the ones they have now is going to get old and they will need new Volvo platforms. If they sell Volvo, then I will probably never consider buying a Ford. They make a lotttttttt of mistakes.
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06-25-2008, 12:10 PM
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#13 (permalink) |
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5.3 Liter Vortec V8
Join Date: Sep 2006
Location: Pearland, TX
Drives: 1989 GMC Suburban
1968 Buick Skylark
Posts: 1,255
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Re: Ford talks with Chinese to sell Volvo?
I'd love to see Volvo go away. Ford didn't need it in '99 and they sure as heck don't need it now. GM and Ford both need to get back to the basics. Stop playing with ex-Scandinavian cars and build real American cars. Volvo has been crappy ever since they eighty-sixed RWD. Those are the cars that built its reputation.
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The Mechanic: You'd have yourself a real street-sweeper here if you put a little work into it. G.T.O.: I go fast enough. The Driver: You can never go fast enough. |
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06-25-2008, 12:18 PM
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#14 (permalink) |
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GMI Staff Member
Join Date: Jan 2003
Location: SE Texas
Posts: 13,396
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Re: Ford talks with Chinese to sell Volvo?
The whole concept of buying your way to prestige when you don't have the money to keep your existing brands competitive (Mercury) was mistaken from the beginning. It makes sense for no-name Chinese companies perhaps, but not for Detroit's automakers. Ford and GM needed instead to build their own brands up like Toyota-Lexus. Cadillac and Lincoln could have served just as well as platforms for such continuous improvement; they both had the history (if you forget about a couple of decades in-between).
It also speaks to a certain derision and contempt for American luxury brands from Nasser that he didn't think it possible to take Lincoln in the direction that Cadillac is now firmly set in. Sell it.
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Last edited by Ming : 06-25-2008 at 12:25 PM. |
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06-25-2008, 12:19 PM
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#15 (permalink) |
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5.3 Liter LS4 V8
Join Date: Dec 2004
Posts: 3,111
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Re: Ford talks with Chinese to sell Volvo?
Ford will sell Volvo for the right price.
Volvo uses Ford platforms. Ford already has all Volvo's intellectual property, and can continue to use it after a sale. Ford does not NEED Volvo, but if the price is too low, it won't be worth the PITA of seperating the two. |
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