-
Lounge
(
http://www.clubcobra.com/forums/lounge/)
- -
Volvo Sold
(
http://www.clubcobra.com/forums/lounge/103625-volvo-sold.html)
| 427sharpe |
03-28-2010 12:25 PM |
Volvo Sold
In a truly global world, Swedish car company Volvo, owned by American car company Ford, has been sold to Chinese car company Geely! Another one bites the dust. Having seen Chinese car quality first hand, I can't wait to see the soccer moms expressions to the first 'Geely/Volvo' to hit the shores! LOL
|
| Ron61 |
03-28-2010 01:15 PM |
:3DSMILE:
I read that and had some thoughts along the same lines. Wonder what it will turn into now.
Ron ;)
|
| computerworks |
03-28-2010 01:31 PM |
Quote:
Originally Posted by Ron61
(Post 1039539)
:3DSMILE:
Wonder what it will turn into now.
|
Well, to start, since (according to the reference books):
Quote:
In Chinese, the letter ‹v› is missing, thus there is no sound [v] in Standard Mandarin for [v]
|
:eek:
So, I guess a name-change is in order...
or, they start calling it the "Olo" :p |
| joyridin' |
03-28-2010 04:35 PM |
Ford paid 6.45 billion, ran it into the ground, then sold it for 1.8 billion.
I think some Chinese company is grinning from tooth to tooth knowing they got one hell of a deal at the expense of another poorly run American car company.
Sad.
|
Well, you can always go to one of those Jaguar dealerships and admire all of the Tatas...:LOL:
Steve
|
I came across this on Focks News this morning, but it seems kinda fishy to me:
Quote:
Breaking news: Earlier today it was announced that a subtle, almost imperceptible name change is in order for the once traditional and stodgy Swedish auto company. The "o"'s in Volvo will be changed to "u" and "a" respectively in a subliminal effort to spice up the brand's boring image.
|
|
| Gunner |
03-30-2010 12:58 PM |
Quote:
Originally Posted by joyridin'
(Post 1039584)
Ford paid 6.45 billion, ran it into the ground, then sold it for 1.8 billion.
|
You're correct in your first and last clause. You're welcome to explain the middle one. Volvo was absolutely strangled by lack of R&D capital at the time Ford bought it and was deep into parts-bin engineering, with no new models or engineering in sight. After Ford funded them, they developed completely new models (I drive one of them), totally revamped looks, an expanded lineup and improved tech all around (their 300 HP 2.5L being one example - my wife drives that one).
Ford simply did what too many other companies did in the boom times, bought an asset at way too high a price. Now they're paying for it. |
Quote:
Originally Posted by Buzz
(Post 1040249)
I came across this on Focks News this morning, but it seems kinda fishy to me:
|
Boxy, but good... ;) |
| joyridin' |
03-30-2010 04:28 PM |
Quote:
Originally Posted by Gunner
(Post 1040290)
You're correct in your first and last clause. You're welcome to explain the middle one. Volvo was absolutely strangled by lack of R&D capital at the time Ford bought it and was deep into parts-bin engineering, with no new models or engineering in sight. After Ford funded them, they developed completely new models (I drive one of them), totally revamped looks, an expanded lineup and improved tech all around (their 300 HP 2.5L being one example - my wife drives that one).
Ford simply did what too many other companies did in the boom times, bought an asset at way too high a price. Now they're paying for it.
|
You can say what you want, I'm not really sure, but you don't pay 6.45 billion for a company that is running off the parts bin, then turn around after fixing it and sell it for 1.8 billion. I agree that the timing many have been bad, but 5 billion dollars bad? There has to be something more to it. |
| Gunner |
03-30-2010 10:17 PM |
You don't read the financial page much, do you? :D
This sort of thing has been happening for the last few years - companies (usually software or intangibles companies) bought for heaps o' billions in the boom and sold off for pennies afterward. Ford simply overvalued what Volvo would bring to their 'premium car lineup,' just as it did with Aston-Martin. Even with all the expansion and improvements, the market was finite.
|
| All times are GMT -7. The time now is 06:03 PM. |
|
Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.6.0
The representations expressed are the representations and opinions of the clubcobra.com forum members and do not necessarily reflect the opinions and viewpoints of the site owners, moderators, Shelby American, any other replica manufacturer, Ford Motor Company. This website has been planned and developed by clubcobra.com and its forum members and should not be construed as being endorsed by Ford Motor Company, or Shelby American or any other manufacturer unless expressly noted by that entity. "Cobra" and the Cobra logo are registered trademarks for Ford Motor Co., Inc. clubcobra.com forum members agree not to post any copyrighted material unless the copyrighted material is owned by you. Although we do not and cannot review the messages posted and are not responsible for the content of any of these messages, we reserve the right to delete any message for any reason whatsoever. You remain solely responsible for the content of your messages, and you agree to indemnify and hold us harmless with respect to any claim based upon transmission of your message(s). Thank you for visiting clubcobra.com. For full policy documentation refer to the following link:
