Re: If not the Chinese... then who will likely purchase Volvo ? (turnermotors)
Ask Stev: I'm sure he'll be glad to create a rumor for you.
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Ask Stev: I'm sure he'll be glad to create a rumor for you.
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Re: If not the Chinese... then who will likely purchase Volvo ? (Munin)
Well I received correspondence from The Netherlands on this very topic.
Here's the rumor.
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"Momentum is going up, that Ford might end up not selling anything for now... as there is talk now."
Well I received correspondence from The Netherlands on this very topic.
Here's the rumor.
"Momentum is going up, that Ford might end up not selling anything for now... as there is talk now."
Re: If not the Chinese... then who will likely purchase Volvo ? (stev vanveit)
Personally I have felt from the begining of this situation that Ford put Volvo on the block purely as a precaution in case they would need money from the federal gov't. GM met with a lot of resistance to their foreign subsidiaries when the money was earmarked for their bail out and I feel Ford wanted to come off as more proactive than GM did. Lopping off Jag and Rover were the most intelligent moves I have seen Ford make in many years. Aston Martin was just good business as it gave them some well needed cash and really didn't effect their overall sales volume since it was such a niche car. Volvo on the other hand really does offer Ford some very good research and development synergies that have been utilized in many of their products since purchasing Volvo in 1999. By saying Volvo is for sale they get a gold star from Obama and his cronies. Meanwhile I have heard that Ford is seeking to recoup their initial investment of 6.8 billion dollars for Volvo. To me that is like saying that your house is on the market at an asking price of $400k when it is only worth $100k. Noone in their right mind would buy it but if some pigeon comes along it can be unloaded.
Another thing that comes to mind is by cutting all the budgets back at Volvo Ford has put themselves in the position of being more in control of the brand than ever before. With Steven Odell I believe he becomes the first non-Swedish president of VCC. More and more Volvo staffers are being downsized and their positions are being integrated into Ford personnel responsibilities. The more Ford tries to distance themselves from Volvo the more it seems they are digging in deeper. Is there a coup d'etat in the works? Time will tell.
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Personally I have felt from the begining of this situation that Ford put Volvo on the block purely as a precaution in case they would need money from the federal gov't. GM met with a lot of resistance to their foreign subsidiaries when the money was earmarked for their bail out and I feel Ford wanted to come off as more proactive than GM did. Lopping off Jag and Rover were the most intelligent moves I have seen Ford make in many years. Aston Martin was just good business as it gave them some well needed cash and really didn't effect their overall sales volume since it was such a niche car. Volvo on the other hand really does offer Ford some very good research and development synergies that have been utilized in many of their products since purchasing Volvo in 1999. By saying Volvo is for sale they get a gold star from Obama and his cronies. Meanwhile I have heard that Ford is seeking to recoup their initial investment of 6.8 billion dollars for Volvo. To me that is like saying that your house is on the market at an asking price of $400k when it is only worth $100k. Noone in their right mind would buy it but if some pigeon comes along it can be unloaded.
Another thing that comes to mind is by cutting all the budgets back at Volvo Ford has put themselves in the position of being more in control of the brand than ever before. With Steven Odell I believe he becomes the first non-Swedish president of VCC. More and more Volvo staffers are being downsized and their positions are being integrated into Ford personnel responsibilities. The more Ford tries to distance themselves from Volvo the more it seems they are digging in deeper. Is there a coup d'etat in the works? Time will tell.
Re: If not the Chinese... then who will likely purchase Volvo ? (turnermotors)
Welcome to SS.......newbie Volvo Manager. This topic has been beat down, kicked, scratched, clawed, and everything else you can imagine. BMW is not a good fit for many reasons (may I suggest a search or two).
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Welcome to SS.......newbie Volvo Manager. This topic has been beat down, kicked, scratched, clawed, and everything else you can imagine. BMW is not a good fit for many reasons (may I suggest a search or two).
1 - 13 of 13 Posts
