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Ford drowning in cash, BMW drowning under Rover(m) (archive)
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Posted by Makalu on February 18, 2000 at 18:10:28:

In Reply to: Oh No!!!!! Please God, no!!!! (read and weep) posted by Dave P. (cross post) on February 18, 2000 at 07:32:01:

: I was checking this morning's stock briefings and I ran across this:

: 06:11 ET Bayerische Motorwerke AG : --Germany-- Auto manufacturer saw stock rise over 6% to euro 26.90 following an article in a German investor publication suggesting the Ford Motor Company (F: 45 7/8) could make an offer of euro 50 per share for the third largest German auto maker.

:
: I think I'm gonna cry.

: -Dave
: '99 328i


Two interesting contrasting news blurbs from Financial Times:

BMW is preparing a detailed statement reaffirming its commitment to Rover in spite of mounting losses and restructuring. The report is likely to make for painful reading: Rover's UK sales fell more than 26 percent last year. Across Western Europe, the slide was 17 percent. Rover's losses are expected to hover around the $1 billion mark hit in 1998.

Ford Motor Company posted an after-tax profit of $7.23 billion last year——a record for a carmaker——driven by strong North American sales. But Ford continued to struggle in Europe and Latin America, and this accounts for the stagnancy of its share price.




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