[FordBuyer]

AP
Mazda says no decision on Ford's stake sale
Saturday October 11, 1:14 am ET
Mazda says no decision on sale of Ford's stake, reportedly being considered


TOKYO (AP) -- Mazda says no decision has been reached on Ford possibly selling its stake in the Japanese automaker, as has been reported in Japanese media.
But Mazda says in its comments Saturday that it will speedily release information -- if and when there is such a decision. The company denies any deal has been reached.

The comments come as Japanese media reported that troubled Ford Motor Co. is considering selling its one-third stake in Hiroshima-based Mazda Motor Corp.

[7Mary3]

We talked about this when it was announced that Mazda would stop using Ford Credit. This is scary, Ford is running out of things to sell. Is Volvo next?

[Cougarpower]

Is it that time of the year again when the media starts talking about Ford selling Mazda, next seilling Volvo and then GM and Chrysler merger, and then Carlos Ghosn looking for and american partner

[FordBuyer]

7Mary3, on Oct 11 2008, 01:42 AM, said:

We talked about this when it was announced that Mazda would stop using Ford Credit. This is scary, Ford is running out of things to sell. Is Volvo next?

Well, not many auto manufacturers can remain facing 12 million/year vehicle sales plus global recession. I just heard that BMW is going to cut way back on vehicle exports to USA. The only silver lining right now is lower gas prices.

[Edstock]

Sounds like fog.

Mazda has justed launched the 6, with a new 3 in a few months, and Ford had new product at the same time. IMHO, corporate hoo-ha of that sort would be ill-advised.

[jpd80]

Ford really doesn't make that much out of controlling Mazda:
2007: $204 million profit
2008 Q1: $49 Million profit
2008 Q2: $103 Million Profit

Ford are moving away from CD3, does that signal either a reduction to say, 10% or complete sale?

At least it's profitable and they may get a billion for their 33% controlling shares.

Ford won't sell Volvo while it stinking up the books, they'd get nothing for it anyway.

This post has been edited by jpd80: 11 October 2008 - 03:04 AM

[TStag]

jpd80, on Oct 11 2008, 09:03 AM, said:

Ford really doesn't make that much out of controlling Mazda:
2007: $204 million profit
2008 Q1: $49 Million profit
2008 Q2: $103 Million Profit

Ford are moving away from CD3, does that signal either a reduction to say, 10% or complete sale?

At least it's profitable and they may get a billion for their 33% controlling shares.

Ford won't sell Volvo while it stinking up the books, they'd get nothing for it anyway.

I'm not surprised Ford needs the cash now and the loans from the Gov't will take at least 6 months. But how desperate could things get if we face a really big down turn? Could FOE and Volvo be next?

[jpd80]

TStag, on Oct 11 2008, 10:46 AM, said:

I'm not surprised Ford needs the cash now and the loans from the Gov't will take at least 6 months. But how desperate could things get if we face a really big down turn? Could FOE and Volvo be next?

Ford does not need cash, their so called "cash burn" has been nowhere near
what the media says, just check the quarterly results since refinancing:
2007 Q1: $35.2 billion
2007 Q2: $37.4 billion
2007 Q3: $35.6 billion
2007 Q4: $34.6 billion
2008 Q1: $28.7 billion
2008 Q2: $26.6 billion

Bearing in mind, most of the "cash burn" was actually part of redundancy payments,
plant restructuring and a portion of the $5.9 billion transfer to UAW VEBA fund.

Ford also have an $11 billion revolving line of credit they haven't touched yet.

This post has been edited by jpd80: 11 October 2008 - 06:30 AM

[2005Explorer]

Couldn't Ford sell the majority of their shares for cash, but still remain as an engineering partner with a small stake? I would think that any deal with Mazda or with Volvo would include some kind of engineering sharing stake.

GM and Chrysler are looking to merge and become a huge beast and Ford is looking to scale back to just Ford Lincoln Mercury again. I will be curious which would end up working in the end and I also wonder if GM and Chrysler merge if we won't see a Nissan-Renault-Ford merger.

[mettech]

Has anyone thought that maybe Mazda is asking to jump ship? :shades:

[F250]

mettech, on Oct 11 2008, 10:22 AM, said:

Has anyone thought that maybe Mazda is asking to jump ship? :shades:

Why would they?

Remember how bad Mazda's situation was before Ford gained controlling interest in 1997.

[STAPGUY23]

"GM and Chrysler are looking to merge and become a huge beast"

Can someone explain to me how this would even makes sense?
GM already has to much crap in their lineup IMO , why would they want more?
what does Chrysler have to offer?

[TomServo92]

STAPGUY23, on Oct 11 2008, 10:04 AM, said:

"GM and Chrysler are looking to merge and become a huge beast"

Can someone explain to me how this would even makes sense?
GM already has to much crap in their lineup IMO , why would they want more?
what does Chrysler have to offer?

Uh...wrong thread?

[Ron W.]

TomServo92, on Oct 11 2008, 09:15 AM, said:

Uh...wrong thread?

Don't stop him now, he's on a roll................ :shades:




Animal house

[wish4newstang]

2005Explorer, on Oct 11 2008, 09:18 AM, said:

Couldn't Ford sell the majority of their shares for cash, but still remain as an engineering partner with a small stake? I would think that any deal with Mazda or with Volvo would include some kind of engineering sharing stake.

GM and Chrysler are looking to merge and become a huge beast and Ford is looking to scale back to just Ford Lincoln Mercury again. I will be curious which would end up working in the end and I also wonder if GM and Chrysler merge if we won't see a Nissan-Renault-Ford merger.

I am not totally opposed to that idea. I think Ford is going to need some help to stay viable. I am very worried about Ford. I think this thing with GM and Chrysler is a big deal.

[Edstock]

2005Explorer, on Oct 11 2008, 09:18 AM, said:

GM and Chrysler are looking to merge and become a huge beast

Bugblatter Motor Corporation?

[P71_CrownVic]

deleted

This post has been edited by RichardJensen: 13 October 2008 - 12:00 AM

[TStag]

P71_CrownVic, on Oct 11 2008, 07:02 PM, said:

deleted

To sell Volvo Ford need to raise at lease 6 billion USD as they are a mortgaged asset. Right now Volvo is less attractive then Land Rover/ Jag was.

This post has been edited by RichardJensen: 13 October 2008 - 12:00 AM

[P71_CrownVic]

deleted

This post has been edited by RichardJensen: 13 October 2008 - 12:00 AM

[ANTAUS]

LINK-Detroit News


My favorite line...

"Those same people told The Detroit News that Ford is not peddling its Swedish brand Volvo at this time because of its poor performance in recent quarters. The plan remains to fix Volvo before selling it."

If your FIXED IT, why would you sell it ? Ford has had a history of selling things, when they fail. I dont see them having "Fixed" Jaguar, or LR, or AM for that matter.