"Cé hé sin" (michael-m-mouse)
05/28/2015 at 07:42 • Filed to: Volvo, FH, DRL
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"Cé hé sin" (michael-m-mouse)
05/28/2015 at 07:42 • Filed to: Volvo, FH, DRL | 1
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Here we have angular DRLs from a very big Volvo, still made by the original AB Volvo.
We see that angles are very much a thing in Gothenburg.
On a vaguely related note, Ford bought Volvo’s car business for $6.45 bn in 2000 and decided it was a good idea to sell it for $1.8 bn ten years later.
pip bip - choose Corrour
> Cé hé sin
05/28/2015 at 07:52 |
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whoever agreed to sell for $6.45bn was a genius.
they should have bought it back.
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Cé hé sin
> pip bip - choose Corrour
05/28/2015 at 07:58 |
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Ford have made some spectacular decisions over the years, including selling JLR for not much more than their current annual profits.
Volvo don’t have any interest in getting back into cars, the reasons they sold out are still valid. Mind you the truck business isn’t going so well now either as margins are very small.
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pip bip - choose Corrour
> Cé hé sin
05/28/2015 at 08:05 |
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the clowns at Ford who sold those divisions for a whopping great loss need a kick up the arse!
assuming they haven’t already.
LuczOr
> Cé hé sin
05/28/2015 at 11:41 |
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The heavy duty truck business is booming right now and the margins are about the same as passenger cars in NAFTA. At least for Daimler Trucks North America (Freightliner). ROS is about 10% with around $1.6 Billion EBIT for 2014. Volvo is one of Daimler’s greatest competitors in NAFTA if you look at it from a vehicle quality and performance standpoint.
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Cé hé sin
> LuczOr
05/28/2015 at 11:50 |
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Volvo trade globally though and their margins are, well, marginal. They’re trying to cut costs again. They make money but not enough to satisfy their shareholders.
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LuczOr
> Cé hé sin
05/28/2015 at 12:06 |
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Yeah, they did recently (past year or so) “release” around 4000 office employees and around 900 production crew.