Jerry York, henchmen for Kirk Kerkorian, has told Automotive News that it is time for Ford (F) to dump Volvo and Mercury. The former car exec said that the No.2 car company should keep luxury operation Lincoln.
York is probably right. Ford has enough problems, Maintaining four brands keeps design and production costs high. Last month, Mercury sales fell 26%. The brand only sold 8,872 cars for the period. Sales of it Grand Maquis were off 51%.
Volvo sales were down 12% for the month
Douglas A. McIntyre
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
