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#1
05-28-2007, 05:56 PM
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This Is Not What BMW Needs...
BeamER kicking tars and looking at Volvo.  Could just be idle chatter like most "foreplay" M&A deals are. Let's hope it's just "shopping" to pump up the price... Filed at 12:02 p.m. ET  STOCKHOLM (Reuters) - Loss-making Ford Motor Co. (F.N) is planning to sell Swedish car maker Volvo (VOLVb.ST) and German carmaker BMW (BMWG.DE) could be a possible buyer, a Swedish newspaper said on Monday. The Goteborgs Posten daily reported on its website that a source within Ford said BMW has been studying a possible purchase of Volvo. The Financial Times also reported last Friday BMW was in informal talks to buy Volvo. ``We cannot comment on speculation, this is a question for our owner,'' said a spokeswoman for Volvo cars. Ford bought Volvo in 1999 and it is now part of the U.S. company's Premier Automotive Group, including Jaguar and Land Rover. Ford does not disclose results for its individual brands, but taken together its luxury line-up lost $327 million in 2006. Merrill Lynch has said Ford could raise over $9 billion by selling the remaining luxury car brands. Volvo Cars Chief Executive Fredrik Arp told Reuters in March that Ford was committed to keeping the Swedish car maker. http://www.nytimes.com/reuters/busin...ord-volvo.html Volvo Peek, via Yahoo Finance: http://finance.yahoo.com/q/pr?s=VOLV Maybe the Teutons are after the truck/construction side. Who knows.
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#2
05-28-2007, 05:59 PM
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yuk
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2008 E82 135is JB2 Alpine White / Lemon 2008 E90 335i JB2 Monaco Blue/Grey 2007 E85 M Roadster Black/Black 2006 E60 550 w/ M Kit Silver/Black 2003 E46 M3 SMG w/ VMR V715 19's Blue/Black 
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#4
05-28-2007, 09:12 PM
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That's too bad...Premier Automotive Group (FoMoCo) is (one of) my favorite auto group(s)...they're going to lose one of the better ones....I doubt that BMW will ever buy them, though.
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#5
05-28-2007, 10:52 PM
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Oh dear...
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2010 528Xi I demand justice. Or, if there must be injustice, let it be in my favor. Reynold's Wrap: it's not just for hats anymore. Quote:
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#7
05-29-2007, 12:30 AM
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Some of you may know that BMW wanted to buy Aston Martin from Ford early this year but Ford wanted to retain a share which BMW did not like and therefore the deal never finalized. Ford had offered Volvo at that time with full share to BMW and talks started early this year and have been going back and forth since.
BMW is strong financially and #1 luxury car maker in world and looking for future expansion and growth. Lets see what happens, maybe Carlos will step up.
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#8
05-30-2007, 12:05 AM
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Talk of BMW-Volvo deal meets plenty of skepticism
Ford denies it's in talks to sell Volvo Tue May 29, 2007 4:59PM EDT DETROIT (Reuters) - Ford Motor Co is not in discussions with BMW or any other company regarding the sale of its Swedish unit Volvo, the automaker said on Tuesday. A Ford spokesman issued the denial via email following media reports that the struggling automaker was in talks with German automaker BMW to sell its Swedish brand. "Ford Motor Company is not in discussions with BMW or any other company regarding an interest in the Volvo Car Corporation," the automaker said in a statement. Ford had earlier in the day declined to comment
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