After Aston Martin, Jaguar and Land Rover the automotive industry is waiting to hear word on when Ford will sell Volvo and Mercury. Although Mulally has denied reports of the Volvo and Mercury being on the auction block, Ford may still sell the two brands.
Jerry York, a former auto executive who now represents Kirk Kerkorian’s Tracinda Corp, met with FoMoCo CEO last month. Interestingly enough a press release was released yesterday stating that Kerkorian plans on acquiring 20 million shares of Ford.
York says that he ‘thinks’ Mulally will end up...
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