Ford Motor Reportedly Looking For $8 billion For Volvo


	Ford Motor Reportedly Looking For $8 billion For Volvo

Forbes

7-15-2007 10:05 AM

522 views

tags:

ford, autos, m&a, volvo

Forbes says:

Ford started breaking up its loss-making Premier Automotive Group of upscale marques last year with the sale of Aston Martin. Jaguar and Land Rover are also being sold. Those three would only raise around $3 billion collectively. Volvo is by far the most valuable of Ford's PAG assets.

Add a Comment

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from July 15, 2007

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/17797fa4-a1d8-4ead-9d62-0e2ef7171bf6/48B80D50-D5F9-443D-BAFC-475BF6477AC0/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article2074982.ece" href="http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article2074982.ece" style="font-size: 11px;">business.timesonline.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article2074982.ece"><P>
FORD is preparing to sell Volvo, the Swedish car group it bought eight years
ago, in a move that could raise $8 billion (£3.9 billion) for the struggling
Detroit giant.
</P><P>
City sources say that a decision in principle to sell Volvo was taken a
fortnight ago, but that the timing of the sale had yet to be decided. No
bank had been appointed to handle the transaction.
</P><P>
Volvo is the flagship of Ford’s Premier Automotive Group (PAG), a stable of
luxury European marques it built up during an expansionist phase in the
1980s and 1990s.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/48B80D50-D5F9-443D-BAFC-475BF6477AC0/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

New from the makers of Clipmarks: Amplify.com - Don't just share the news...Amplify it!

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Copyright; Privacy; EULA

Search Options

Today's Top Clips