Welcome to the North American Subaru Impreza Owners Club Thursday September 18, 2014
Home Forums WikiNASIOC Products Store Modifications Upgrade Garage
NASIOC
Here you can view your subscribed threads, work with private messages and edit your profile and preferences Home Registration is free! Visit the NASIOC Store NASIOC Rules Search Find other members Frequently Asked Questions Calendar Archive NASIOC Upgrade Garage Logout
Go Back   NASIOC > NASIOC General > News & Rumors > Non-Subaru News & Rumors

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.
* Registered users of the site do not see these ads.
 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 09-26-2009, 08:51 AM   #1
AVANTI R5
Scooby Guru
 
Member#: 73805
Join Date: Nov 2004
Default Ford Not Jumping On $2.5b Volvo Offer





Quote:
The Wall Street Journal reported today that Geely has offered Ford $2.5b for Volvo, making the Chinese automaker the “leading contender” for the Swedish brand.

Are there other contenders we don’t know about? According to the WSJ, “the offer is higher than Ford or outsiders had expected for a brand that has lost more than $1 billion in recent years,” and yet the latest news from China [via Xinhua] has Alan Mulally saying there’s been “no new progress” in the ongoing negotiations. Now don’t get it twisted: nobody expects Mulally to publicly accept this kind of offer within hours of being reported, but you’d think he’d at least send encouraging signs. Instead Mulally tells Xinhua “Volvo is a good brand, but Ford will sell it in order to shift its main focus on developing the Ford brand.”

Which is like someone on Craigslist talking about the sentimental value of an item with the words “or best offer” attached to the asking price. The fact that Geely has made an offer for 100 percent shows that they’re serious (that used to be a Ford negotiating point). So what’s Big Alan waiting for? Offload the money-loser, snag some cash and move on. The deal doesn’t look to be getting any sweeter.
http://www.thetruthaboutcars.com/for...b-volvo-offer/
AVANTI R5 is offline   Reply With Quote
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Fuel Pump not coming on... SikSilvrSuby Factory 2.0L Turbo Powertrain 8 08-17-2010 06:27 PM
Upgraded my utec firmware from 2.5b to 4.2 tonight AaronWRX Mid Atlantic Impreza Club -- MAIC 6 03-26-2004 02:33 PM
For Sale; UTEC 2.5b and accessories... SuicidalLabRat Bay Area Impreza Club Forum -- BAIC 1 05-07-2003 07:57 PM
New UTEC Software 2.5b TurboXS Engine Management & Tuning 0 12-18-2002 01:40 PM
OT: Ford 302 HO V-8 ---> Volvo ??? Jonathan New England Impreza Club Forum -- NESIC 13 12-02-2001 06:36 AM


All times are GMT -4. The time now is 03:10 AM.


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2014 Axivo Inc.
Copyright ©1999 - 2014, North American Subaru Impreza Owners Club, Inc.