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Discussion Starter #1
Report: Ford aims to sell Land Rover, Jaguar by Sept. 30



Automotive News | 4:00 am, August 3, 2007




NEW YORK (Reuters) -- Ford Motor Co is hoping to have a tentative deal to sell its Land Rover and Jaguar operations by September 30, and a pact to dispose of Volvo by year end, The New York Times reported on its Web site today.

The automaker's advisors have begun putting together information that bidders want for Land Rover and Jaguar, the paper said, citing unnamed sources.

A Ford spokesman called the report "speculation" and would not comment further.





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What is the rush about?? Why shouldn't Ford take its sweet old time to make a decision if they think that is what is most convenient? How could this harm anything other than our curiosity?
 

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^^ Yup
&
Quote: Originally Posted by B.R.
I hope Ford will give us an answer soon too. Ford has been draging on the sales of these brands for way too long now.


B.R., I meant to sorta imply that the SALE! could be part of posturing to improve their position against the UAW - tho I don't actually believe that's all there is to it - kinda think Fomoco is ready to go either way, keep PAG or sell it, depending in large part on how the negotiations turn out - worst case: they'll come out of it 'ripped to bone' & ready for a fight to some imports' death!!!
 

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Discussion Starter #9
What is the rush about?? Why shouldn't Ford take its sweet old time to make a decision if they think that is what is most convenient? How could this harm anything other than our curiosity?

Harm?

How many millions of dollars per day does Jaguar cost Ford,
do you think?
 

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Harm?

How many millions of dollars per day does Jaguar cost Ford,
do you think?
I have no idea and since I am not an accountant or an economist I much rather not speculate. I know that LR is making money and that Ford has invested a great deal of resources in the development of new Jaguar models and they are probably trying to recuperate as much money as possible. Seeing how well Mulally's financial team is working (as seen in the second quarter results) I don't think that they are just loosing money by being negligent.

So my advise to all of us armchair analysts is to be patient.
 

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Discussion Starter #11
. Seeing how well Mulally's financial team is working (as seen in the second quarter results)
Any good news in those results you refer to were from the income generated by the sale of Aston Martin.

I don't think that they are just loosing money by being negligent.
Being negligent is one of the BEST ways of losing money.
 

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Any good news in those results you refer to were from the income generated by the sale of Aston Martin.
That is BS and you know it. Throwing grandilocuent statements just for the sake of wining an argument is fine when what you are saying is true or at least is believed to be true. Sadly this is not the case since you were very active in the thread where this was posted, check post #15:

Ford Motor Co. surprises Wall Street with $750 million profit
Bryce G. Hoffman / The Detroit News

Ford Motor Co. is back in the black today, surprising Wall Street with a second-quarter net profit of $750 million.
That compared to a net loss of $317 million for the same period last year and translated into earnings of 31 cents per share. While a big chunk of that gain was due to one-time actions like the sale of Ford's Aston Martin brand, the company's net earnings from continuing operations was still 13 cents per share. Wall Street had expected Ford to lose 35 cents per share, according to a survey of 15 analysts by Thomson Financial.
"They outperformed across the board -- and the earnings actually seem to be high quality," said Bradley Rubin, an automotive industry analyst with BNP Paribas in New York. "Globally, they're certainly making progress. The North American results were about half a billion better than people expected - and that's impressive for a market like this. I think something is working here."​

for the WHOLE ARTICLE, CLICK HERE.

. . . and BTW Ford kept 20% of A-M

Being negligent is one of the BEST ways of losing money.
I know, that is only common sense. What I am saying is that this is not the case. It would be though if the cede to the pressures of the hurry uppers.
 

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Any good news in those results you refer to were from the income generated by the sale of Aston Martin.



Being negligent is one of the BEST ways of losing money.
That is BS and you know it. Throwing grandilocuent statements just for the sake of wining an argument is fine when what you are saying is true or at least is believed to be true. Sadly this is not the case since you were very active in the thread where this was posted, check post #15:

Ford Motor Co. surprises Wall Street with $750 million profit

Bryce G. Hoffman / The Detroit News


Ford Motor Co. is back in the black today, surprising Wall Street with a second-quarter net profit of $750 million.

That compared to a net loss of $317 million for the same period last year and translated into earnings of 31 cents per share. While a big chunk of that gain was due to one-time actions like the sale of Ford's Aston Martin brand, the company's net earnings from continuing operations was still 13 cents per share. Wall Street had expected Ford to lose 35 cents per share, according to a survey of 15 analysts by Thomson Financial.

"They outperformed across the board -- and the earnings actually seem to be high quality," said Bradley Rubin, an automotive industry analyst with BNP Paribas in New York. "Globally, they're certainly making progress. The North American results were about half a billion better than people expected - and that's impressive for a market like this. I think something is working here."
for the WHOLE ARTICLE, CLICK HERE.

. . . and BTW Ford kept 20% of A-M


I know, that is only common sense. What I am saying is that this is not the case. It would be though if the cede to the pressures of the hurry uppers.
Ford still made money with its N/A operations without the Aston Martin sale. I think they must be close to black on their European operations too. What I cannot understand is why Jaguar and Ford Australia use two separate RWD architectures.
 

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Ford still made money with its N/A operations without the Aston Martin sale. I think they must be close to black on their European operations too. What I cannot understand is why Jaguar and Ford Australia use two separate RWD architectures.
Because Jaguar will never share their platforms/engines with FLM anymore.

That's why Jaguar has got to go, it doesn't make money and it will probably never do. LR is technically "making" money, but that money can't cover the costs of a lousy refresh according to insiders.

I don't see why Jaguar's sale is such a problem, good riddance imo. They have been nothing but trouble since Ford bought them.
 

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The biggest problem IMO Ford has had with Jag was keeping production in England with the exchange ratio between the dollar and the british pound even if Jag started selling more cars they would still be in the red like they have been for the past 20 years under Ford ownership, and the other thing that have me worried is why so much damn speculation about Ford selling Volvo, thanks to Volvo is that PAG has been able to make some profit in the last years, I know Mullaly wants all the resources for the Ford brand but they need to keep one premium global brand like Volvo
 

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Discussion Starter #16
The biggest problem IMO Ford has had with Jag was keeping production in England with the exchange ratio between the dollar and the british pound even if Jag started selling more cars they would still be in the red like they have been for the past 20 years under Ford ownership, and the other thing that have me worried is why so much damn speculation about Ford selling Volvo, thanks to Volvo is that PAG has been able to make some profit in the last years, I know Mullaly wants all the resources for the Ford brand but they need to keep one premium global brand like Volvo


The Euro is more valuable than the dollar now, and has been for a while. But this doesn't seem to hurt the Germans. Volvo seems unbothered by this as well. I don't feel the pound/dollar issue is really to blame. People just don't buy Jags.
 
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