mackinaw Posted May 1, 2008 Share Posted May 1, 2008 It's begun. I just got a special "news update" from Automotive News that Tracinda's Jerry York says that Mullaly should sell Volvo and dump Mercury. I'm hoping that AutoWeek picks up this article so you can all read it. Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted May 1, 2008 Share Posted May 1, 2008 It's begun. I just got a special "news update" from Automotive News that Tracinda's Jerry York says that Mullaly should sell Volvo and dump Mercury. I'm hoping that AutoWeek picks up this article so you can all read it. Jerry York also "said" to fire Rick Wagoner. We know how that one turned out. York can go shove it up his piehole, and Mulally should tell him as much. Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted May 1, 2008 Share Posted May 1, 2008 Wow. I thought there'd be at least a month or two of "sunshine lollipops and rainbows, everything is wonderful when - we're together." Quote Link to comment Share on other sites More sharing options...
jpd80 Posted May 1, 2008 Share Posted May 1, 2008 So Tracinda plays chief agitator amongst stock holders, rallying the troops to push for axing Mercury and Volvo's sale? Pressuring Ford management into moves it's not ready for or prepared to do? Quote Link to comment Share on other sites More sharing options...
BORG Posted May 1, 2008 Share Posted May 1, 2008 Odd he says this after Tracinda met with Mullaly. The fact is, Mercury and Volvo were on their way out the moment Mulally walked in the door. Quote Link to comment Share on other sites More sharing options...
Deanh Posted May 1, 2008 Share Posted May 1, 2008 (edited) Jerry York also "said" to fire Rick Wagoner. We know how that one turned out. York can go shove it up his piehole, and Mulally should tell him as much. not until hes renamed him Fairy Dork....seems the guy is the epitamy of everything I read in/ despise about the media... Edited May 1, 2008 by Deanh Quote Link to comment Share on other sites More sharing options...
jpd80 Posted May 1, 2008 Share Posted May 1, 2008 (edited) So if the Ford's Special B Stock gives them 40% of the voting rights, that means all the remainimg A Stock = the other 60%. To circumvent the Fords, Tracinda would need to get 51% of the Vote. In order to do that, Tracinda would have to convince 85% of A Stock Holders their assertions are correct. I can't see that happening. Edited May 1, 2008 by jpd80 Quote Link to comment Share on other sites More sharing options...
Deanh Posted May 1, 2008 Share Posted May 1, 2008 So if the Ford's Special B Stock gives them 40% of the voting rights, that means all the remainimg A Stock = the other 60%.to get 51% of the Vote Tracinda would have to convince 85% of A Stock Holders their assertions are correct. I can't see that happening. neither can I...to me hes just stirring the pot ( probably for his/ their potential gain no less ) almost gossip style hoping panic will eventuate...... Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted May 1, 2008 Share Posted May 1, 2008 OTOH, Volvo and Mercury are SAVED!!!!! Neither GM nor Chrylser (standalone) nor DaimlerChrysler EVER did what York/Kerk wanted... Besides, is Captain Kerk going to foot the bill for closing Mercury? Is Captain Kerk going to buy Volvo? Because one is going to cost money and the other would have to be financed in this mess of a market. Quote Link to comment Share on other sites More sharing options...
Deanh Posted May 1, 2008 Share Posted May 1, 2008 OTOH, Volvo and Mercury are SAVED!!!!! Neither GM nor Chrylser (standalone) nor DaimlerChrysler EVER did what York/Kerk wanted... Besides, is Captain Kerk going to foot the bill for closing Mercury? Is Captain Kerk going to buy Volvo? Because one is going to cost money and the other would have to be financed in this mess of a market. nice team...Dork and Jerk. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted May 1, 2008 Share Posted May 1, 2008 (edited) OTOH, Volvo and Mercury are SAVED!!!!! Neither GM nor Chrylser (standalone) nor DaimlerChrysler EVER did what York/Kerk wanted... Besides, is Captain Kerk going to foot the bill for closing Mercury? Is Captain Kerk going to buy Volvo? Because one is going to cost money and the other would have to be financed in this mess of a market. Didn't you say Volvo was used for collateral on the existing loans? Also, surely it's not hard for Ford to do Mercury variants of Focus and Mustang to add some product flavor? Edited May 1, 2008 by jpd80 Quote Link to comment Share on other sites More sharing options...
Harley Lover Posted May 2, 2008 Share Posted May 2, 2008 YORK DID NOT SAY HE'D "DUMP" MERCURY. HE SAID HE'D SELL IT! Sorry for the caps, but the stupidity and ill informed nature of the guy makes me angry. Here's the quote from AN: When asked whether York would sell Mercury, he said: "Mercury, as a matter of principle, I would (sell it). But first I'd want to understand the likely cost savings versus the value loss, and that's always a difficult analysis. You have to see how many Ford customers would stick with Ford if you closed Mercury." If he meant close it, then he should have clearly stated so, indicating that he understands Mercury's place within Ford and its dealerships. Since he didn't clarify his comments, I conclude he doesn't have a clue. Quote Link to comment Share on other sites More sharing options...
mackinaw Posted May 2, 2008 Author Share Posted May 2, 2008 The Detroit Free Press just picked up the article. Read it here: http://www.freep.com/apps/pbcs.dll/article...NESS01/80501108 Quote Link to comment Share on other sites More sharing options...
jpd80 Posted May 2, 2008 Share Posted May 2, 2008 (edited) Well, that makes no sense on the grounds of: 1. The intergrated nature of Lincoln and Mercury dealerships. 2. Mercury is totally dependant on and linked to Ford designs. For goodness sake, surely he's not suggesting Mercury become a trim version of Volvo in a package deal! Despite those remarks, York appeared confident in the Automotive News article that Ford Mulally — whom York met with confidentially in early April — might be preparing to make some of these moves. While he said Mulally did not tell him of his plans, York told the magazine: “I think you’ll see that he’ll put Volvo on the market within the next year and a half.” That's a lot different to selling right now, maybe Kerkorian can't wait that long..... Edited May 2, 2008 by jpd80 Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted May 2, 2008 Share Posted May 2, 2008 (edited) Oh geez. York is Salsaking! Claiming to have all sorts of insights into what's 'really' going on, and prepared to take credit for actions that he has no control over with a sort of "Have you never known the triumph of a lucky guess?" kind of self-satisfaction. Edited May 2, 2008 by RichardJensen Quote Link to comment Share on other sites More sharing options...
jpd80 Posted May 2, 2008 Share Posted May 2, 2008 If York's crystal ball was any good, Kerkorian would have never invested in Chrysler or GM. Quote Link to comment Share on other sites More sharing options...
ANTAUS Posted May 2, 2008 Share Posted May 2, 2008 Why not just dump Lincoln as well, Hell, lets dump Ford too ?!! I guess if you cant make any brand work, might as well go into a different line of business...I guess keep Ford Credit...there... Geesh Quote Link to comment Share on other sites More sharing options...
Edstock Posted May 2, 2008 Share Posted May 2, 2008 m INTRODUCING m THE ALL-NEW m— MERCURY — TRACINDA! Quote Link to comment Share on other sites More sharing options...
Noah Harbinger Posted May 2, 2008 Share Posted May 2, 2008 m INTRODUCINGm THE ALL-NEW m— MERCURY — TRACINDA! Strangely, Tracinda sounds like a good car name to me. Quote Link to comment Share on other sites More sharing options...
goinbroke2 Posted May 2, 2008 Share Posted May 2, 2008 Maybe for subaru or renault/foreign company. "The new Subaru tracinda" or "The all new Tracinda from Skoda" There's a world class car right there! At least it's not alphabet soup like so many other new cars. Still think it's a foreign sounding name though. How about, "The new Pugeot Placenta"? Quote Link to comment Share on other sites More sharing options...
Blueblood Posted May 2, 2008 Share Posted May 2, 2008 Why not just sell one car? What's the point in selling off everything at a loss? Quote Link to comment Share on other sites More sharing options...
630land Posted May 4, 2008 Share Posted May 4, 2008 They can't sell Mercury, its not a company or subsidiary. Just a badge on same Ford car/truck. By 2011-12, it will be gone. Quote Link to comment Share on other sites More sharing options...
sullynd Posted May 4, 2008 Share Posted May 4, 2008 They can't sell Mercury, its not a company or subsidiary. Just a badge on same Ford car/truck. By 2011-12, it will be gone. Maybe they'll sweeten the deal by throwing in the state of Michigan, the Statue of Liberty, and a handful of bridges for good measure. The idea that Ford could sell Mercury is that ludicrous. Quote Link to comment Share on other sites More sharing options...
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