| The last time that Bill Ford has made an optimistic | | | | repay all of Ford's debts and also to renegotiate |
| announcement was in 2005 wherein he cited Ford and | | | | borrowing terms since right now the automaker is |
| Volvo engineers working together to produce new | | | | finding it hard to find financial institutions that would loan |
| exciting safety features that will enhanced night vision | | | | them additional capital. |
| and improved collision avoidance ability of vehicles. | | | | Rod Lache an analyst at Deutsche Bank has told |
| Unfortunately after such announcement Ford's | | | | clients last Tuesday that Ford has two very good |
| finances have started to dwindle and has | | | | reasons to get rid of Volvo. The first one is that the |
| overshadowed the earlier full of hope message of Mr. | | | | Volvo sale would simplify the recovery strategy and |
| Ford. Instead of the closer cooperation between Ford | | | | operating structure of Ford. Second, it would provide a |
| and Volvo that Mr. Ford has announced, the | | | | source of extra cash for the restructuring of |
| automaker with its new CEO Alan Mulally is mulling | | | | healthcare liabilities as part of the upcoming talks with |
| over the sale of its Sweden-based subsidiary. Bill Ford | | | | the United Auto Workers' union. |
| remains to be the Chairman of Ford Motors and unlike | | | | However the sale of Volvo the producer of Volvo |
| in the past wherein he always gives out public updates | | | | 240 parts would signal the final dismemberment of |
| on the happenings within the company now he chose | | | | Ford's premier car business outside of North America |
| to keep quite and to give as few comments as | | | | which was formed in the year 1980s and 1990s. |
| possible on the family business. | | | | Ford has disposed of Aston Martin earlier this year |
| The issue on the sale of Volvo has divided Volvo and | | | | and last Thursday was the deadline set by the |
| Ford. But Ford has stressed that it has not engaged in | | | | automaker's financial advisers for interested buyers to |
| any talks with any prospective buyers. Ford with all of | | | | give their bid for Land Rover and Jaguar. But for |
| its assets already pledged to creditors need to raise a | | | | Volvo, Ford has not yet made any official |
| huge amount to continue the production of new | | | | announcement of it's supposedly sale. This must be |
| products and to realize their turnaround plan. The sale | | | | because of the fact that the Swedish automaker has |
| of Volvo is one of the plausible options that the | | | | been the most profitable part of the PAG plus it has |
| automaker has since its one of their profitable brand. | | | | made a significant contribution to the development of |
| The proceeds from the Volvo sale will be used to | | | | other Ford products. |