So…How’d Ford Do With Volvo?

Not so well.
The NYT: January 29, 1999:

The Ford Motor Company, by agreeing yesterday to buy the car operations of Volvo A.B. of Sweden for $6.45 billion, has taken its biggest step yet toward becoming a large-scale seller of high-profit luxury cars as well as more humble vehicles like the Escort and pickup trucks.

The NYT: March 28, 2010:

Ford Motor reached an agreement on Sunday to sell its Volvo subsidiary to a Chinese conglomerate, in the clearest confirmation yet of China’s global ambitions in the auto industry.
The Zhejiang Geely Holding Group, based in Hangzhou, agreed to pay $1.8 billion for Volvo, with $1.6 billion in cash and the rest in a note payable to Ford.

Actually, dumping Volvo is a smart move on Ford’s part. I continue to reiterate my call that Ford is the Stock of the Decade. (Hey, why wait?)

Posted by on March 29th, 2010 at 9:12 am

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