[8cd03gro]

Originally Posted by MLL67RSSS

Yes, Ford had just lost 15 BILLION the previous 2 years and saw the economic storm was coming and had a BIG fire sale. Sold off Jaguar and Land Rover for 2.3 billion (about half what they paid), liquidated most of their Mazda holdings, sold off Volvo, etc. Basically strip mined the company of anything worth anything to "focus on the Ford brand." Had they not been in the position to sell all that off at some big losses they'd have needed a bailout as well. Heck Ford even sold the Ford blue oval for 1.5 billion but obtained rights to still use it of course.


http://www.nytimes.com/2008/03/26/bu...6cnd-auto.html

http://www.autoevolution.com/news/fo...res-26573.html

http://articles.nydailynews.com/2010...ar-tata-motors

http://www.thetruthaboutcars.com/200...either-do-you/

They didn't sell Mazda and Volvo until 2010, two years after the crisis and well into profitable quarters for Ford. Ford actually posted a $100 Million profit Q1 2008.