Bye, bye Jaguar

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12/21/07, 09:12 AM

#21

TomServo92

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Quote:

Originally Posted by Evil_Capri

That didn't happen. I thought the same and posted something on BON a week or so ago and was informed (and verified) that FMC sold 100% of AM.

http://www.fin24.co.za/articles/defa...8-1783_2160816

Well, the official Ford press release says they retained an investment in AM.

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12/21/07, 09:44 AM

#22

Knight

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Quote:

Originally Posted by TomServo92

Well, the official Ford press release says they retained an investment in AM.

well that was March 12....and the other one said ford said in Aug that it sold the entire company.. so they do not have any stake in AM.

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12/21/07, 09:48 AM

#23

TomServo92

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Quote:

Originally Posted by Knight

well that was March 12....and the other one said ford said in Aug that it sold the entire company.. so they do not have any stake in AM.

I'm not disputing that they no longer have a stake. I'm just wondering why a new press release wasn't issued to supercede the March 12th release since the terms of the sale have changed.

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12/21/07, 04:20 PM

#24

Evil_Capri

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I am not sure why a new press release wasn't issued.

This is one of the threads I searched on BON for additional information, and I performed a search on their SEC Filings, but I don't have a link for that at the moment.

http://www.blueovalforums.com/forums...=SEC+100+Aston

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12/21/07, 04:24 PM

#25

V10

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Quote:

Originally Posted by rhumb

Knd of a shame and ironic that Ford ditches Jag now just as they finally seems to be producing some truly compelling modern cars.

The XK, as the adds say, IS gorgeous and a great drive to boot while the XF moves Jaguar styling into the modern age and out of retro limbo. The XJ sedan will apparently also be introduced to the 21st century in its next iteration....

Designing and producing truely compelling modern cars is one thing.

Being able to sell them at a profit is a whole different story, and a lot more difficult.

I doubt that Jag will EVER be profitable again unless their entire UK manufacturing operations are shut down and Jags get made somewhere else.

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1/2/08, 12:10 PM

#26

Eights

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Quote:

Originally Posted by Hollywood_North GT

Ford's biggest mistake was acquiring Jag to begin with.

The truest statement in this thread. Jaguar is a colossal black hole for funds needed elsewhere...

Sadly, Mercury and Lincoln suffered the most from this abysmal purchase, and now Merc & Linc may expire from the neglect they endured while millions and possibly billions were wasted on effin' Jaguar.

Land Rover's actually a loss, since without LR Ford doesn't really have any off-road vehicles worthy of the name since the original Broncos were replaced by the Bronco IIs and the later Explorers. Realistically, Land Rover's never-ending build quality issues are unacceptable as they are, and too expensive to fix for a company that needs to get its core profitability back on track...

Greg "Eights" Ates