Ford committed to keeping Volvo, says Volvo CEO [Archive] - Ford Inside News Community

: Ford committed to keeping Volvo, says Volvo CEO



1931Chevy
03-05-2007, 04:54 PM
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com: 20070305:MTFH33125_2007-03-05_19-56-56_N05303414&type=comktNews&rpc=44

GENEVA, March 5 (Reuters) - Ford Motor Co. (F.N: Quote, Profile , Research) is committed to keeping its Volvo brand even as it spins off another luxury brand, the Swedish unit's chief executive officer told Reuters on Monday.

"Ford is very supportive when it comes to the development of Volvo cars," Volvo President and CEO Fredrik Arp said, speaking to Reuters in Geneva at an event to mark the launch of two new models, the V70 wagon and the XC70.

Arp said he speaks with Ford Chief Executive Alan Mulally every week and added that Mulally had indicated his commitment to Volvo in a recent visit to the Swedish automaker's headquarters

SobeSVT
03-05-2007, 05:02 PM
To be totally fair, I guess we have to thank Jacques Nasser for purchasing Volvo. Volvo is the bright spot in the otherwise nightmarish shopping spree during Nasser's tenure as CEO.

1931Chevy
03-05-2007, 05:20 PM
Volvo and Land Rover:D where a good buy IMO but what he needed to do with the Cash he expended on this purchases was getting about 51% of Mazda IMO

SobeSVT
03-05-2007, 05:21 PM
Volvo and Land Rover:D where a good buy IMO but what he needed to do with the Cash he expended on this purchases was getting about 51% of Mazda IMO
Very true, but I wonder if it was ever available to buy.

1931Chevy
03-05-2007, 06:12 PM
^ i think it could have been done since Ford already owns 33% buying and extra 18% would be ok, look at Nissan, Renault owns 51% and I think Nissan owns about 10% of Renault