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
NVIDIA has returned 250-fold in the past 10 years as artificial intelligence took off.
But 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.”
The report outlines key breakthroughs in AI and the stocks ready to dominate the next wave of growth. The report is absolutely free. Simply enter your email below
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.
