Instead of raising money by selling assets Ford should get some "Obama
money" from Obama's Stash.
http://www.youtube.com/watch?v=19v5Kjmc8FI
Regards,
Al Malin
"It's not your father's Obamobile."
On Dec 27, 2009, at 8:18 PM, Alan Seigrist wrote:
> All -
>
> I don't if any of you pay attention to this, but one of the most
> distressing
> car things I have seen in the last few years is Ford's plan to sell
> Volvo to
> Geely - Geely is China's premier car maker.
>
> Basically, Ford is selling Volvo to Geely for about 1/3 what they
> paid for
> Volvo just a few years ago. Why would Geely want Volvo?
>
> A bit of background from a guy who lives in China - right now the
> quality of
> Chinese cars isn't all that bad except in one major area - safety.
> In this
> area, Chinese cars are DECADES behind the rest of the world in
> design. The
> reason why is designing crumple zones and safety cages is very very
> complex
> requiring sophisticated technology and decades of engineering
> experience -
> Volvo cars are safe for good reason. If you do any search on
> Youtube of
> what happens to a Chinese made car in an accident should scare the
> crap out
> of you.
>
> So Ford, to settle a very small amount of debt, is selling Volvo for
> cash to
> Geely. This has to be one of the most short sighted things I have
> ever seen
> any American car company ever do. Basically, Ford is selling the very
> expertise that Geely needs to destroy Ford in the future in worldwide
> sales. All for less than 2 billion dollars. I suggest that within
> a decade
> Ford will be losing more business globally than that on an annual
> basis to
> Geely because of the expertise they are literally giving away for a
> pocket
> full of change.
>
> Who's to blame for giving assistance on a silver platter to the rise
> of
> China? I certainly don't blame the Chinese for this. Ford should be
> ashamed of itself.
>
> Alan
>
> '52 A90
> '53 BN1
> '59 Jag Mk IX
> '64 BJ8
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