Ford (F) has Jaguar and Rover on the block, but a late story from Reuters says that the big US car company may consider selling Volvo as well.
Ford may not get much money for any of the brands. A report in early July said that Ford hoped to get $6 billion for Jag and Rover. But, analysts who had seen the numbers pegged the figure at closer to $2 billion. Industry experts have said the DaimlerChrysler (DCX) will actually be out of pocket over time as it sells its Chrysler unit to hedge fund Cerberus. Car company do not seem to fetch much these days.
A better way to look at selling some of Ford’s overseas operations is not what they will do for the balance sheet, but the benefit it might have to focusing Ford management. With its domestic car business under siege, it could use all able hands.
Douglas A. McIntyre
The Average American Has No Idea How Much Money You Can Make Today (Sponsor)
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.