Late word from the Londay Daily Telegraph is that Ford (F) is seeking about $6 billion for its Jaguar and Range Rover units. But, buyers who have looked at the financial statements for the units believe that a rational offer would be in the $2 billion range.
If this is true, Ford will have wasted a great deal of time on a sale that is unlikely to happen. It is hard to imagine that the US car maker would take so little for the premium cars units.
But, they might want to hire famous car company cost-cutter Carlos Ghosn to come in an slash employees and costs. Never know. That might work. And, with poor results at Nissan mounting, he may be looking for a job.
Douglas A. McIntyre
“The Next NVIDIA” Could Change Your Life
If you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.
The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”
Click here to download your FREE copy.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
