Ford (F)

[kennynah]

technically, F has already made its upward move since nov/dec08... i've not really tracked F, given that its business is really driven by consumerism.... i was not of the opinion that this car maker could recover so quickly.. also, it is not among the best selling cars in the world.... just as a lay person, i do not see Ford as a prestigious brand... i equate it to the likes of mazda, daewoo.... i just dont see it in the same league as the european mercedez, bmw, audi....

technically, it's very clear a rally trend has been established...the channel support appears to be at about $7.... i think tradable as it is liquid, an acceptable beta weighting of 2.6 and current flag pattern is a great chance for a upward breakout continuation .... trade it...sure...invest in it... i dono about this...

[helios]

see if F < 6 ... i don't know too ... ...

[winston]

Not vested and dont follow F that closely.

My impression is that people were piling into F becuz of the "Cash for Clunkers" program.

Now that the program has ended, why would they wanna hang around this counter ?

Is the economy doing that well that people would be lining up to buy Ford Cars especially when they dont have any more incentive to do so ?

[iam802]

Very strong union they have.

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Volvo Union Concerned As Ford Names Geely Preferred Bidder

http://online.wsj.com/article/BT-CO-200 ... 11156.html

STOCKHOLM (Dow Jones)--The head of the engineering union at Volvo Cars said Wednesday he had concerns about a group led by Zhejiang Geely Holding Group Co. being named by Ford Motor Co. (F) as the preferred bidder for the U.S. company's Swedish unit.

"We have asked for a meeting with Geely management to understand what they really have to offer Volvo, and what their plans are," said Magnus Sundemo in a telephone interview.

"We have raised a lot of concerns about a Chinese car maker buying Volvo and of course we want answers to those questions."

Ford and Geely, one of China's biggest privately owned automakers, are now in exclusive negotiations over Volvo, said a senior Geely executive. A Ford spokeswoman confirmed that the Geely-led group is now the sole bidder for the Swedish automaker, which was put up for sale in December.

Sundemo said he was concerned about another foreign owner buying Volvo, one of Sweden's best-known brands, and questioned whether Geely would take the time to understand the company's culture and continue to invest in the brand.

"My main concern is whether they have what is needed to understand Volvo culture - the way we work here and the values of Volvo - to take the right decisions for the future. Will we still be able to work with the same suppliers, get the right technology level to be able to compete? Those are our main concerns and of course we need good answers to those questions to be able to support this bid," Sundemo said.

Sundemo said that it still was possible that another bidder could emerge in the process.

"The bidding process isn't over until the deal is done and a lot of things could happen in the due diligence process," Sundemo said. Geely is "the preferred bidder, not the only bidder."

The Swedish government has distanced itself from the sale process but Sundemo said he hoped it would carefully consider Geely's proposal.

"I hope the government makes a thorough and serious investigation into this bid, for the sake of the jobs and of course the welfare of Sweden's economy."

Industry Minister Maud Olafsson is due to hold a press conference on the matter at 1500 GMT, the government said.


-By Ian Edmondson, Dow Jones Newswires; +46-8-5451-3094; [email protected]

[kennynah]

when n if geely buys volvo.... this fella, sundemo's, head will be the first to chopped off....

i read his fear of the chinese n bordering on being a racist

[iam802]

hahahha...I wonder if he knows the situation he is in or not.

Geely is the SOLE bidder (not just preferred bidder).

Time to eat humble pie lar.... it is not as if there are a lot of options.

[helios]

Guys,

Did you notice that F is running ahead very fast? Now, it is trading past 10+ levels ...

A week ago, i watched Flash of Genius movie about F cars & windscreen wiper ...

[iam802]

China's Geely secures financing to buy Volvo: report

http://www.reuters.com/article/idUSTRE62913D20100310

...

The paper quoted its source as saying that the money was already "in the bank account" of parent Zhejiang Geely Holding, (ZGH) which would also have offered guarantees to Ford (F.N) about the financing of its business plan for Volvo.

..

[iam802]

It's official. US$1.8B

=========

China’s Geely to Buy Ford’s Volvo in Record Overseas Auto Deal

http://www.bloomberg.com/apps/news?pid= ... ph7c&pos=1

[kennynah]

seems like such a steal.... USD1.8Bil only...

1 volvo = ~usd100K
18K volvos sold = revenue of usd1.8Bil

let's assume 10% net profit margin....i plug from sky...

180K volvos sold.... completely ROI...