Would Ford (F) Sell Volvo?

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By Douglas A. McIntyre Updated Published
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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

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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