Snippet: Ghosn has never ruled out a deal with Ford...
However, some in investment banking circles contend that no one will deal with Ford unless the family agrees to dilute its voting rights to 20 percent and hires an experienced CEO to take over day-to-day running of the company from Bill Ford.
The Ford family controls 40 percent of the automaker through its exclusive ownership of Class B super-voting shares. Bill Ford told BusinessWeek that the Ford family will not be an impediment to the company's restructuring.
"Look, whatever is required for the recovery, the family will not stand in the way," he said. "All our net worths are tied up in this. The family will not be a limiting factor to any plan that moves us forward."
So, does anyone here think this would be a good idea? Is Ford a better fit than GM for such an alliance, as some pundits have suggested?
Another option would be to make Ford a private company, so they could work out their problems outside the public glare.
The Ford family controls 40 percent of the automaker through its exclusive ownership of Class B super-voting shares. Bill Ford told BusinessWeek that the Ford family will not be an impediment to the company's restructuring.
"Look, whatever is required for the recovery, the family will not stand in the way," he said. "All our net worths are tied up in this. The family will not be a limiting factor to any plan that moves us forward."
So, does anyone here think this would be a good idea? Is Ford a better fit than GM for such an alliance, as some pundits have suggested?
Another option would be to make Ford a private company, so they could work out their problems outside the public glare.
ateixeira says:
09:55 AM, 08/24/06
I just don't see how GM or Ford would benefit. OK, maybe Nissan could use a bit of their excess capacity, but not much. They haven't been growing the way they thought they would. The Titan needed to be a hit for that to happen, and it isn't.