Ford in talks with Renault over Volvo sale

Started by Madman, February 03, 2009, 12:53:10 PM

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Madman

February 03, 2009, 12:53:10 PM
Once again, Ford and Renault are meeting to discuss a sale of Volvo to Renault.

http://www.autoblog.com/2009/02/02/ford-holding-talks-with-renault-regarding-volvo-sale/

http://www.autocar.co.uk/News/NewsArticle/AllCars/237532/


Cheers,
Madman of the People
Current cars: 2015 Ford Escape SE, 2011 MINI Cooper

Formerly owned cars: 2010 Mazda 5 Sport, 2008 Audi A4 2.0T S-Line Sedan, 2003 Volkswagen Passat GL 1.8T wagon, 1998 Ford Escort SE sedan, 2001 Cadillac Catera, 2000 Volkswagen Golf GLS 2.0 5-Door, 1997 Honda Odyssey LX, 1991 Volvo 240 sedan, 1990 Volvo 740 Turbo sedan, 1987 Volvo 240 DL sedan, 1990 Peugeot 405 DL Sportswagon, 1985 Peugeot 505 Turbo sedan, 1985 Merkur XR4Ti, 1983 Renault R9 Alliance DL sedan, 1979 Chevrolet Caprice Classic wagon, 1975 Volkswagen Transporter, 1980 Fiat X-1/9 Bertone, 1979 Volkswagen Rabbit C 3-Door hatch, 1976 Ford Pinto V6 coupe, 1952 Chevrolet Styleline Deluxe sedan

"The saddest aspect of life right now is that science gathers knowledge faster than society gathers wisdom." ~ Isaac Asimov

"I much prefer the sharpest criticism of a single intelligent man to the thoughtless approval of the masses." - Johannes Kepler

"One of the most cowardly things ordinary people do is to shut their eyes to facts." - C.S. Lewis

Yawn

#1
February 04, 2009, 08:56:45 AM
Good.. Renault can straighten them up..

NomisR

#2
February 04, 2009, 09:55:41 AM
Man, so much for Ford's PAG.. it's all gone if they sell Volvo..

3.0L V6

#3
February 04, 2009, 11:19:07 AM
Quote from: NomisR on February 04, 2009, 09:55:41 AM
Man, so much for Ford's PAG.. it's all gone if they sell Volvo..

I think the PAG was a big distraction/money loser for Ford. Now Ford can concentrate on Ford and Lincoln. One more division to go (Mercury) and they're about as lean as they can get.

NomisR

#4
February 04, 2009, 11:27:04 AM
Quote from: 3.0L V6 on February 04, 2009, 11:19:07 AM
I think the PAG was a big distraction/money loser for Ford. Now Ford can concentrate on Ford and Lincoln. One more division to go (Mercury) and they're about as lean as they can get.

Wasn't Ford actually making money on some of those?  And they actually turned those companies around without having them being seen as a part of Ford. 

3.0L V6

#5
February 04, 2009, 11:32:00 AM
Quote from: NomisR on February 04, 2009, 11:27:04 AM
Wasn't Ford actually making money on some of those?  And they actually turned those companies around without having them being seen as a part of Ford. 

Jaguar and Aston Martin: No.
Volvo: hit and miss....probably not enough the justify the high expenses required to keep it up to date.

Ford did bring them up to date with technology and production, but they never justified the costs in terms of profit. Ford needs to focus on Ford. I imagine some sort of 'technology sharing' will exist between companies.

Tave

#6
February 04, 2009, 11:43:56 AM
Aston was profitable for Ford.
As I write, highly civilized human beings are flying overhead, trying to kill me.

Quote from: thecarnut on March 16, 2008, 10:33:43 AM
Depending on price, that could be a good deal.

the Teuton

#7
February 04, 2009, 12:07:29 PM
Ford made Aston into a huge seller (somewhere close to 10,000 units worldwide) from what was essentially a boutique car company that was about to go under.
2. 1995 Saturn SL2 5-speed, 126,500 miles. 5,000 miles in two and a half months. That works out to 24,000 miles per year if I can keep up the pace.

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I don't care about all that shit.  I'll be going to college to get an education at a cost to my parents.  I'm not going to fool around.
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NomisR

#8
February 04, 2009, 01:13:16 PM
Jag was inp
Quote from: 3.0L V6 on February 04, 2009, 11:32:00 AM
Jaguar and Aston Martin: No.
Volvo: hit and miss....probably not enough the justify the high expenses required to keep it up to date.

Ford did bring them up to date with technology and production, but they never justified the costs in terms of profit. Ford needs to focus on Ford. I imagine some sort of 'technology sharing' will exist between companies.

Aston already mentioned, Jag was improving and would be profitable if they didn't sell, and Volvo was more or less self sustainable and profitable. 

What about Range Rover?  I believe they were profitable as well.

Tave

#9
February 04, 2009, 01:25:52 PM
It didn't matter if they were profitable or not. Ford needed the cash to keep its core business alive.
As I write, highly civilized human beings are flying overhead, trying to kill me.

Quote from: thecarnut on March 16, 2008, 10:33:43 AM
Depending on price, that could be a good deal.

Madman

#10
February 04, 2009, 01:33:14 PM
Quote from: NomisR on February 04, 2009, 01:13:16 PM
Jag was inp
Aston already mentioned, Jag was improving and would be profitable if they didn't sell, and Volvo was more or less self sustainable and profitable. 

What about Range Rover?  I believe they were profitable as well.


Aston Martin and Land Rover were profitable at the time of Ford's sale.  Volvo was profitable until recently and Jaguar has always lost buckets of cash.  This is why Ford sold Jaguar and Land Rover together as a package deal.  Profitable Land Rover made unprofitable Jaguar less of a bitter pill to swallow for any potential buyer.

Cheers,
Madman of the People
Current cars: 2015 Ford Escape SE, 2011 MINI Cooper

Formerly owned cars: 2010 Mazda 5 Sport, 2008 Audi A4 2.0T S-Line Sedan, 2003 Volkswagen Passat GL 1.8T wagon, 1998 Ford Escort SE sedan, 2001 Cadillac Catera, 2000 Volkswagen Golf GLS 2.0 5-Door, 1997 Honda Odyssey LX, 1991 Volvo 240 sedan, 1990 Volvo 740 Turbo sedan, 1987 Volvo 240 DL sedan, 1990 Peugeot 405 DL Sportswagon, 1985 Peugeot 505 Turbo sedan, 1985 Merkur XR4Ti, 1983 Renault R9 Alliance DL sedan, 1979 Chevrolet Caprice Classic wagon, 1975 Volkswagen Transporter, 1980 Fiat X-1/9 Bertone, 1979 Volkswagen Rabbit C 3-Door hatch, 1976 Ford Pinto V6 coupe, 1952 Chevrolet Styleline Deluxe sedan

"The saddest aspect of life right now is that science gathers knowledge faster than society gathers wisdom." ~ Isaac Asimov

"I much prefer the sharpest criticism of a single intelligent man to the thoughtless approval of the masses." - Johannes Kepler

"One of the most cowardly things ordinary people do is to shut their eyes to facts." - C.S. Lewis

NomisR

#11
February 04, 2009, 01:41:45 PM
Quote from: Tave on February 04, 2009, 01:25:52 PM
It didn't matter if they were profitable or not. Ford needed the cash to keep its core business alive.

It's not the question to why they sold it.. we all know they needed the money, just saying that PAG that Ford had is now gone.

cozmik

#12
February 04, 2009, 01:49:33 PM
Quote from: Madman on February 04, 2009, 01:33:14 PM

Aston Martin and Land Rover were profitable at the time of Ford's sale.  Volvo was profitable until recently and Jaguar has always lost buckets of cash.  This is why Ford sold Jaguar and Land Rover together as a package deal.  Profitable Land Rover made unprofitable Jaguar less of a bitter pill to swallow for any potential buyer.

Cheers,
Madman of the People


My understanding from people who work for Ford is that Volvo over that past couple years has been borderline, and that the profits they were making were small enough to be insignificant overall. They are now, as you said, just straight up losing money, but they've been on their way down for a couple years.


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