Tag Archives: corporate

Ford to Sell Volvo? (Part One)

From the AP, October 27th:

Ford Motor Co. may be joining the ranks of U.S. automakers seeking to shed operations, as a newspaper reported Sunday the industry bellwether is weighing a sale of the slow-selling Volvo brand to BMW AG.

Somehow I don’t see Volvo going to BMW. But I wonder if Ford will sell Volvo.

From Jalopnik:

It’s probably a bad thing to fly a private jet from Detroit to Washington, DC when you’re going to ask Congress to provide you a multi-billion dollar loan to bail you out of a financial crisis. That fact hasn’t stopped Ford’s Alan Mulally, along with the heads of the other automakers, who not only flew to D.C. in the Ford private jet but are, apparently, unwilling to fully cut themselves from the corporate crack that is their private air forces.

ugh