You can just about name any company and Ford has been mentioned as possibly buying them, Volvo, BMW, Mazda, Nissan, Kia, or?
DETROIT, Dec 21 - Investors' bets that Ford Motor Co. may buy Volvo fueled another rise in the Swedish automaker's stock Monday but industry experts said the world's No. 2 automaker was in no hurry to buy another car company. Volvo's shares jumped 2.6 percent after rising 4 percent Friday on rumors in financial markets that Ford was in talks with Volvo. Ford has declined to comment. Volvo officials said they often talk with other automakers but declined to elaborate. Earlier this month, published reports in Germany said Ford was considering a merger with BMW AG. Rumors about Ford's possible interest in struggling Japanese automaker Nissan Motor Co. have also surfaced recently.
If Ford does anything, the company may chose to increase its stake in Mazda Motor Corp. from the current 33 percent or once again pursue South Korea's Kia Motors Corp., which was taken over by Hyundai Motor Co., Schroder & Co. Inc. analyst John Casesa said in a recent research report.
|
