Back in 1987, Ford invested huge amounts into the Sierra Sapphire. Remember it? The booted, four-door version of 1982’s ‘jellymould’? That car replaced the Cortina in spirit… but not in ...
Saab and Volvo: two very different companies indeed: “Volvo has 20,000 employees, Saab at the death had 3500. In 2010 Volvo produced 375,000 cars, Saab in its final year managed just 32,000. And Saab’s $940m turnover was dwarfed by the $16.7bn generated by Volvo.”
That’s why Ford paid $6.45bn for Volvo in 1999 - yet GM’s entire stake in Saab cost just $725m…