Ford recently unloaded Land Rover and Jaguar and now there are speculations that Ford may be looking at selling Volvo.
Former CFO of Chrysler, Jerry York believes that Ford is looking at selling both its Volvo and Mercury brands. York met with Ford CEO Alan Mulally last month and he believes that Mulally is going to eventually sell Volvo and Mercury, but keep Lincoln.
York believes that cutting Volvo and Mercury from Ford’s lineup is the right thing to do.
“I’m very confident that (Mulally’s plan) is the answer, and I think you’ll see that he’ll put Volvo on the market within the next year and a half,” York said in an interview with Automotive News. “There’s no rational reason for keeping Volvo or Mercury.”
York is now the chief aide to Kirk Kerkorian and his Tracinda investment company. The same company that interestingly enough announced plans this week to buy 20 million shares of Ford’s stock.
Do you think that Ford should sell Volvo and Mercury? The big question is how would Ford actually sell Mercury, since they are just re-badged Ford’s?
Full Story: Motor Authority
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